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At least one investor is betting that Eldorado Gold will continue its recent climb.
optionMONSTER's Heat Seeker system shows that 2,000 October 2.50 calls were sold for $1.65 and 2,000 November 3 calls were bought for $1.25 on Friday. Volume was below open interest in the lower strike, indicating that a long position was rolled forward.
The trader was closing the October contracts before they expired at the end of last week and opened a position one month later at a strike that is $0.50 higher. He or she collected profits from the expiring calls and is using some of the proceeds to position for more gains. Long calls lock in the price where investors can buy a stock, which lets them profit from a rally with limited capital. (See our Education section)
EGO fell 3.41 percent to $3.97 on Friday but has risen more than 31 percent in the last three months and is back to its last highs from mid-August. The mining company is scheduled to announce quarterly results on Oct. 30, three weeks before Friday's calls expire.
Total option volume in the name on Friday was more than double its daily average for the last month. Overall calls outnumbered puts by 95 to 1.
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Eldorado Gold Corporation
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PRODUCTEUR |
CODE : ELD.TO |
ISIN : CA2849021035 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Eldorado Gold est une société de production minière d'or basée au Canada. Eldorado Gold est productrice d'or, de fer au Bresil, au Mexique, en Chine et en Turquie, en développement de projets d'argent et d'or en Chine et en Grece, et détient divers projets d'exploration au Bresil et en Chine. Ses principaux projets en production sont KISLADAG et EFEMÇUKURU en Turquie, LA TRINIDAD - ELDORADO au Mexique, TANJIANSHAN, JINFENG, JIANCHALING, WHITE MOUNTAIN et BEYINHAR en Chine et VILA NOVA au Bresil, ses principaux projets en développement sont EASTERN DRAGON en Chine et PERAMA HILL en Grece et ses principaux projets en exploration sont HEI-SHAN (SHANDONG) et ZHANGJIASHAN en Chine et TOCANTINZINHO au Bresil. Eldorado Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 15,4 milliards CA$ (11,3 milliards US$, 10,2 milliards €). La valeur de son action a atteint son plus bas niveau récent le 03 août 2001 à 0,21 CA$, et son plus haut niveau récent le 06 septembre 2024 à 21,47 CA$. Eldorado Gold possède 716 820 032 actions en circulation. |