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Kingross Gold is Shining
Recent Articles by Michael J. Zerinskas - Chief Options Strategist at Benzinga
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Long Ideas
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Movers
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Trading Ideas
- Jim Cramer's Lightning Round Picks (APD, WEN, MCD, TSRA, VSI, VITC, PTV, IP, STXS, ABT, NMM, ATPG, GMCR)
- Fast Money Picks For March 22nd (MHS, CVS)
- Cramer Recommends Sonus Networks As A Speculative Play (SONS)
- Carter Worth Says Best Buy Losing Momentum (BBY)
- Biotech Stock Mailbag: Generex (PFE, MNKD)
Options
Posted on 02/09/10 at 11:41am by Michael J. Zerinskas
Kingross Gold Corporation (NYSE: KGC) is receiving a large bullish options trade this morning. The March $17 calls were bought on the offer heavily just moments ago. 13,000 contracts have been bought so far, which is way above the open interest on the strike of 416. This move comes as gold futures rise, reacting to today’s fall in the dollar index.
Kingross is currently trading $17.35, up 4.20% on the day. First resistance will come in at $18.00.
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