SMF Traders buying the options on Titanium Metals:
TIE has gained ~10% over the past hour with very heavy trading in the call options, with the sharp rise being attributed to a bullish research report. The most options trading has taken place in the TIE Oct 12.50 calls, with over 52K contracts trading vs open interest of just 1530, driving implied volatility up ~10 pts to 74%. The options trading in TIE is heavily focused on the call side, with total call volume of 72.1K contracts more than 11x total put volume of 6.4K contracts.