Yamana Gold Inc (AUY) $11.33 +8.84%
Yamana Gold (AUY) is up 96 cents to $11.37 and among the winners in the gold mining sector Tuesday. Gold is now up $24 to $1041.80 an ounce. In the options market, recent trades in AUY include an Oct 10 – Nov 12 (1X2) call diagonal spread, where an investor sold 5000 October 10 calls while buying 10K Nov 12 calls. The trade might roll out a position from October into a position (twice the size) in November 12s. 50K AUY options contracts have traded total, and 91 percent of the volume is on the call side of the options chain.
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.
