Kinross Gold (KGC) loses 48 cents to $11.63 amid volatility in the miners today after the yellow metal slumped below $1600 an ounce. One player in the options market seems to view the decline as an opportunity for a bullish trade in KGC and bought 10,000 Feb 12 calls on the stock for 78 cents per contract to open. The trade is tied to shares on a 45 delta. Total volume in KGC is 28,000 calls and 5,000 puts, while implied volatility has moved up 11.5 percent to 52.5.