Kinross Gold Corporation (KGC) $10.70 +1.22%
Kinross Gold (KGC) sees a flurry of call options activity Wednesday. Shares are up 12 cents to $10.69 and options volume on the stock includes 37,000 calls and fewer than 2,000 puts. April 11 and 12 calls are the most actives and the volume is being driven by large and small lots trading predominantly at the offer. The biggest is 3000 Apr 12 calls for 22 cent per contract The market is now 24 to 25 cents. Implied vols are up 10 percent to 42.5, but with no news on the ticker today. Gold gained $12 to $1684 an ounce. KGC hasn’t performed well lately. Shares are down 39 percent since August. Possible bottom fishing in the name.
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.
