http://finance.yahoo.com/news/large-trade-bets-teck-rebound-151212892.html

A large trade is betting that Teck Resources will rebound from multi-year lows by early 2016.

More than 20,000 January 16 calls were purchased this morning, led by a single print of 16,511 that traded above the ask price for $0.14, according to optionMONSTER's Heat Seeker tracking program. This is clearly new positioning, as open interest in the strike was just 219 contracts before the trade appeared.

These long calls lock in the price where the stock can be purchased through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, providing potentially significant leverage, but the contracts will expire worthless if shares remain below $16. (See our Education section)

TCK is down 0.63 percent to $9.45 in early trade. The copper miner has been hammered along with the rest of the energy amid declining demand, and the stock is trading at its lowest level since April 2009.

Total option volume in the name has reached 20,700, more than 5 times its daily average for the last month. Only 181 puts have changed hands so far.

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