The markets are back up again with some That again means that the FOREX markets are throwing the US Dollar down the tube and gold is back in action. I was recently able to take in a . This time I am looking for some more volatility and going in for a gold mining company. No, I am not going in with again. This time I am going with Yamana Gold
One reason is that the implied volatility for Yamana is higher than Newmont. The other reason is that the call option chain premiums looked attractive to me. Yamana stock is trading at $13.91 per share at the time of this writing. I was able to get in on the January 2010 $15 call option of AUY (option symbol: AUYAC) at a premium of $53 per contract. My break-even stock price for Yamana is $15.53 per share by January 16, 2010.
No comments:
Post a Comment