Kinross Gold Corporation (KGC) $10.41 -1.61%
Kinross Gold (KGC) loses 19 cents to $10.39 and 11,280 Mar 12 calls traded on the gold miner. Open interest is only 179 contracts and the top trade — a 6,126-lot for 23 cents on ISE — is an opening buyer for a customer account, according to data from the exchange. Mar $12 calls on KGC are 15.5 percent out-of-the-money with 51 days of life remaining. Shares have not performed well lately and tumbled 18.8 percent on 1/17 after the company announced a delay at its Tasiast project. Today’s call buyers are possibly looking for the stock to recover the loss by mid-March. Earnings come into play on Feb 15.
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.
