• Frederic Ruffy
    Heavy trading in $KGC Apr 11 and 12 calls. Stock is ticking higher after a brutal 39% drop since Aug. 33K calls and 1,800 puts so far.
    3/7/12
    Reply (3)
    • Ocean Man: A good portion of that brutal drop was due to shutting down an African mine for a few months. Should jump when it re-opens. Long.
      3/7/12
    • petewants: Not that good on options but would selling puts make sense if people are thinking price will gap up
      3/8/12
    • Frederic Ruffy: If I expect a gap up, buying stock or calls makes more sense. Selling puts offers only limited reward (the premium) if the stock rallies.
      3/8/12