Yamana Gold Inc (AUY) $9.28 +0.43%
Yamana Gold (AUY) is up 10 cents to $9.34 and the Mar 8/Apr 9 call spread is active for a second day. Looks like a strategist collected 30 cents, 10000X. Like yesterday, it appears to be an expiration-related roll of calls from March to April and up one strike price, with the investor looking to maintain a bullish position in the gold miner through the April options expiration (28 days). After a $69 rally yesterday, gold is down $5.8 to $953 an ounce.
Category: All Stocks, Basic Resources, Mid 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.
