Options Action: Bullishness on Canadian Miner

Traders are bullish on mining company Silver Wheatonas precious metals move higher today.

Options activity is focused on the March 5 and 7.5 calls, according to OptionMonster's tracking systems. The March 5 calls in particular have drawn buyers, moving up in price from $0.60 to $1 in just the last few days.

Shares in the Canadian company , which operates silver mines around the world, have soared 50 percent in the last week and today broke though their 50-day moving average. SLW is trading around $4.33 in the late afternoon, up more than 7 percent on the day.


Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.