Bulls mine for gold in Buenaventura

By
A A A

Gold miners have been active recently, and yesterday Buenaventura drew upside trades.

optionMONSTER's Heat Seeker tracking program detected the purchase of about 2,000 June 42 calls for $0.20. Volume was more than 16 times open interest in the strike.

The calls stand to leverage a quick move in the Peruvian gold miner, which has been drifting in a range for more than two years. The stock peaked around $42 last month, so the trader could be looking for a move back to that level. (See our Education section)

BVN gained 0.89 percent to $38.37 yesterday. Investors have recently been targeting companies in the industry, such as Seabridge Gold and Ivanhoe Mines , after selling pressures swept the group between March and mid-May.

Overall option volume in BVN was 8 times greater than average yesterday, with calls outnumbering puts by 5 to 1.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: BVN

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

Most Active by Volume

55,414,702
  • $15.38 ▼ 0.39%
38,503,210
  • $66.34 ▲ 2.26%
36,466,704
  • $8.36 ▼ 9.52%
35,253,294
  • $26.55 ▲ 1.34%
32,752,347
  • $6.55 ▲ 1.87%
31,778,001
  • $95.22 ▲ 0.19%
28,396,556
  • $51.49 ▼ 0.62%
23,800,987
  • $42.09 ▲ 0.97%
As of 7/11/2014, 04:03 PM