Molycorp (MCP) July calls active at elevated prices

Molycorp (NYSE: MCP) is expected to release Q2 results on August 11. July 60 calls and 65 are active on total call volume of 4K contracts (2K puts). August call option implied volatility is at 67, September is at 64; compared to its six-month average of 58 according to Track Data, suggesting larger price movement.

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