The action continues in the gold mining sector. The yellow metal is up $20 to $976.50 an ounce. Yamana Gold (AUY) gained 61 cents to $9.64 and an impressive 30K calls traded, compared to 2200 puts. The volume represents 2X the average daily. Sep and Oct $10 calls are the most actives. Meanwhile, Anglogold (AU) is up $2.17 to $38.48 and Oct 40, Jan10 60, and Sep 40 calls are being bought. 6880 calls and 1350 puts traded total — 3X the average daily volume.
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.