Minefinders (AMEX:MFN) Gets Big Call Option Action

After a big day Thursday, Minefinders (AMEX:MFN), after the release of stronger-than-expected production numbers, received a lot of option action in general, especially calls, as the share price of the company rocketed up by over 6 percent on the day.

Of particular note were May 13 calls, which, according to OptionMonster's real-time tracking systems, traded in a buying range from $0.25 to $0.40.

Approximately 4,700 of the calls traded against open interest of only 908 contracts at that strike, according to OptionMonster.

Overall, the number of calls were 15 to 1 over puts. Option volume on Minefinders was about 8 times above normal activity.

MineFinders was trading at $10.59, down $0.04, or 0.38 percent, as of 1:57 PM EST.