Coeur d’Alene Mines (CDE) $2.78 +5.70%
Coeur D’alene Mines (CDE, news, chart) is seeing bullish order flow early. The stock is up 13 cents to $2.76 amid strength in gold mining shares. The PHLX Gold and Silver Mining Index (.XAU), of which CDE is a component, is up 1.80 to 173.51 after the precious metal rose $14.90 to $917.80 an ounce. In the options market, 18,000 CDE calls traded, compared to 2,000 puts. The September 2.5s are the most actives. 16,600 contracts have already crossed the tape, with 84 percent of today’s volume trading offerside. With open interest of 9,286, today’s action hints at speculative call buying in anticipation of further upward movement in Coeur D’alene’s share price.
Category: All Stocks, Basic Resources, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
