Eldorado Gold (EGO) lost 37 cents to $14.94 and July 15 calls on the gold miner are being bought today. Most of the action is due to one multi-exchange sweep of 7,189 contracts at 75 cents, which is an opening customer buyer, according to ISEE data. 7,461 now traded against 1,334 in open interest. Shares are on a four-day 6.4 percent skid and testing a recent support area around $15. Next earnings expected around 7/28 and probably after the July expiration.
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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.