Notable Call Options Activity in Randgold Resources

Shares of Randgold Resources (NASDAQ: GOLD) are lower on the session by 2.32%, currently trading at $102.40. The stock has been moving largely higher over the past three months and is currently trading above the 50-day average.

Options traders are focusing on calls today. A short while ago the January 2012 $120.00 call traded 2,000 times on open interest of 629 contracts. The Sept2011 $95.00 call also traded 2,000 times on 5,453 contracts. It is unclear whether these trades were linked; could be a roll of a long position.

Randgold Resources Limited is engaged in gold mining, exploration and related activities. As of December 31, 2010, the company's activities were focused on West and Central Africa.