Yamana Gold Inc (AUY) $10.50 +3.04%

| September 3, 2009 | 0 Comments More

Interest in Yamana Gold (AUY) continues for a second day. Open interest in AUY calls increased by 20K after active trading yesterday (+4100 puts). Today, shares are up 30 cents to $10.49 after gold gained another $13 to $991.50 an ounce, pushing its two-day gain to more than $34. In the options market, players are focused on AUY Jan10 calls at the $12.5 strike, with 13.35K traded. The action includes blocks of 7500 and 2400 contracts, BOUGHT, for 85 and 80 cents, respectively.

Category: All Stocks, Basic Resources, Mid Cap Stocks

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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.

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