Yamana Gold Inc (AUY) $15.93 -0.99%
Yamana Gold (AUY) loses 33 cents to $15.76 after gold came off yesterday’s record levels. The yellow metal is down $13.4 to $1876.3 an ounce. Meanwhile, AUY call options are busy this morning after one player bought 4,100 Oct 12 calls at $4.10, bought 7,300 Oct 13 calls at $3.25, and sold 13,000 April 20 calls at 90 cents. The activity might roll a position to out-of-the-money Jan 20 calls from in-the-money Oct 12 and 13s — perhaps part of overwriting strategies on the Toronto-based gold miner. Shares touched new 52-week highs yesterday and have rallied 36.9 percent since June.
Category: All Stocks, Basic Resources, Large 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.
