Investors Bumps Up Bullish Stance On Hecla Mining (HL)

HL – Hecla Mining Co. – Activity in Hecla Mining Co. LEAPs suggests some investors are taking long-term bullish stances on the stock. Shares of the firm engaged in the discovery, acquisition, development and production of silver, gold, lead and zinc increased as much as 2.60% during the session to secure an intraday high of $5.12. Optimistic options players sold approximately 2,300 puts at the January 2012 $4.0 strike for an average premium of $0.71 per contract. Put sellers keep the full premium received on the transaction as long as Hecla’s shares exceed $4.00 through expiration day in January 2012. Options implied volatility on Hecla Mining Co. declined 3% to 46.33% just before 1:40 pm ET.

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Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

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