Houghton and Atkeson

   

Mirant (MIR) produces and sells electricity in the Mid-Atlantic region, the Northeast and California.

The stock just dropped from the low $40s to the low $30s. Options investors are betting that this 52-week low is where the stock stops going down.

Specifically, about 34,000 MIR Sept 35 Calls (MIRIG) and MIR Sept 37.50 Calls (MIRIU) have been bought to open. Earnings are scheduled for August 8. It's likely that when earnings are reported, this stock will light up.

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