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Volatility play on BHP sister company
March 22, 2010 Mon 7:06 AM CT

Option volume surged in BHP Billiton Plc Friday as an investor placed a volatility trade on the obscure Australian portion of the global mining giant.

optionMONSTER's tracking systems detected the purchase of 700 March 70 calls for $0.05 and 700 March 70 puts for $4. Both trades came against existing open interest, and were accompanied by the sale of an equal number of June 70 calls...


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