As watching the market today is about as exciting as watching the 'simpsons' I thought I'd study the call options on senior producers from now to Jan. 2013. Generally the farther out you go in options the less interest there is due to the $loss of time decay. However what I found, starting in July this year was large increase in calls, in well out of the money strike prices. Somebody is betting big time on a huge increase in share prices. A prime example is Newmont [trading today at $46]. On the Jan. 2013 contracts there is massive call options from with a strike price from $55-$95. The same is true for most of the other majors, seems like the big boyz know whats coming ahead and have placed their bets!

cheers