Calls Purchased on IAMGOLD Corporation (IAG)

Shares of IAMGOLD Corporation IAG are higher on the session by 1.18%, currently trading at $18.01. The stock has been moving largely sideways over the past six months, though it 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 January 2012 $17.50 call was purchased 4,600 times, on the offer, on open interest of 516 contracts. Overall call volume is now running at 3.46x the daily average with 91% of all calls traded being purchases on the offer. IAMGOLD Corporation is a Canada-based mining and exploration company. IAMGOLD's interests include seven operating gold mines and a niobium producer, a diamond royalty, and exploration and development projects located throughout Africa and the Americas.