Notable Call Options Activity in Avalon Rare Metals

Shares of Avalon Rare Metals (AMEX: AVL) are higher on the session by 8.60%, currently trading at $3.03. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the April 2012 $3.00 call, which has traded 1,500 times on open interest of 747 contracts. Stock volume is running at 4.6x normal volume. Calls are outpacing puts today by 7 to 1. Avalon Rare Metals Inc. is a Canada-based mineral exploration and development company. The company's primary focus is on rare metals and minerals, including tin, lithium, tantalum, niobium, cesium, indium, gallium, zirconium and calcium feldspar.