A six week triple in the puts leading up to the end of the IPO lockup. After that a six week triple in the calls following the insider secondary. And another triple a few months later. All out in public.
Do that a few times a year and your investment policy committee gets off your back about the blogging. Links below.
From What's Trading:
Molycorp (MCP) is up $2.21 to $22.87 on surging volume of more than 6 million shares amid strength in the rare earth names after China announced plans to crack down on illegal mining and tighten production levels. Options volume on MCP through Noon ET is 27,000 calls and 6,360 puts. Weekly 23 calls, which are now 13 cents out-of-the-money and expiring in just a few days, are the most actives. 3,500 traded against just 28 contracts in open interest....MOREWe have a couple dozen posts on MCP, mostly focused on valuation. Here are the trades ref'd above:
Jan. 4, 2011
Rare Earth Mania: The Coming Opportunity for Buyers of Molycorp Puts (MCP)
Jan 11 2011
Molycorp: Sometimes You Get Lucky (MCP)
Jan. 24, 2011
Molycorp: Here Comes the Secondary Offering (MCP)
April 4, 2011
Rare Earth: Molycorp Shares Hit an All-Time High on European Acquisition (MCP)
Aug. 9, 2011
Rare Earths: Molycorp Registers Some Stock (and why did Morgan Stanley pick up 8,439,008 shares?) MCP
Aug. 12, 2011
And That's a Wrap: "Molycorp shares soar on earnings and Hitachi deal" (MCP)