Deals
Ivanhoe Mines Calls Lure Traders Speculating on Buyout: Options
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Ivanhoe Mines Ltd.’s options show investors are becoming more convinced the copper and gold explorer will be a takeover candidate by March.
The number of March $20 calls has increased by 13,143 this month, the most among Ivanhoe contracts in the U.S., according to data compiled by Bloomberg. Buyers, who profit if Vancouver-based Ivanhoe rallies 28 percent to $23.20 by expiration in five months, helped lift the ratio of calls versus puts to the highest level since November.