IVN – Ivanhoe Mines Ltd. – Shares of the international mineral exploration and development company are currently up 4.00% to arrive at $17.11 as of 11:15 am (ET). Ivanhoe’s share price increased as much as 22.15% so far this week, having rallied up from Monday’s intraday low of $14.22, to today’s intraday high of $17.37. Shares surged on Tuesday after the company said it plans to abandon an accord that restricts its ability to bring new investors into its $4.6 billion mining project in Mongolia. Bullish options investors positioning for continued appreciation in the price of the underlying stock dominated trading activity on Ivanhoe this morning. Traders purchased at least 5,200 now in-the-money calls at the July $17 strike for an average premium of $0.31 per contract. Call buyers make money if Ivanhoe Mines’ shares trade above the average breakeven price of $17.31 ahead of expiration in two days.