| Calls chase rally in Pretium Resources | |
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Pretium Resources has seen its stock price double in recent months, and one investor is looking for even more gains by the end of the year.
optionMONSTER's market scanner shows that 1,250 September 7 calls were sold for $4.80 and 1,500 December 7 calls were purchased for $5.20 yesterday. Volume was below open interest in the September contracts, indicating that a bullish position was rolled forward by three months.
Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)
PVG rose 2.83 percent to $12.00 yesterday and is up 114 percent in the last three months. The precious-metals producer is expected to report earnings after the close on Aug. 5.
Overall option volume in the name was twice its daily average yesterday. Calls outnumbered puts by a bullish 19-to-1 ratio.
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Pretium resources Inc.
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EXPLORATEUR |
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CODE : PVG.TO |
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Pretium Resources est une société développant des projet miniers d'or et de cuivre basée au Canada. Ses principaux projets en exploration sont SNOWFIELD (SULPHURETS) et BRUCEJACK au Canada. Pretium Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 3,5 milliards CA$ (2,8 milliards US$, 2,5 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 février 2020 à 10,00 CA$, et son plus haut niveau récent le 11 mars 2022 à 19,15 CA$. Pretium Resources possède 180 700 000 actions en circulation. |