Options Trading Boils on Infrastructure Buzz
As construction-related names pick up steam with President-elect Obama's infrastructure plans, Century Aluminum is moving higher and seeing increased options activity.
Few companies in the sector have been beaten as badly as CENX , which is down 90 percent in the last six months.
The stock is up 4 percent higher in late-afternoon trading at about $7.40 — down from $72 in June — and the December and January calls are active.
The December 10 calls in particular are trading more than two times the open interest of 368, according to OptionMonster's tracking systems. The January 10, 12.5, and 15 calls are also active.
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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.