Shares of James River Coal Company JRCC are higher on the session by 4.07%, currently trading at $23.36. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the June 2011 $30.00 call was purchased 3,000 times, on the offer, on open interest of 3,126 contracts.
Overall call volume is now running at 2.03x the daily average with 93% of all calls traded being purchases on the offer.
James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries (mining complexes) located throughout eastern Kentucky and in southern Indiana.
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