Upside Sold on Yamana Gold (AUY)

Shares of Yamana Gold Inc.

are higher on the session by 0.28%, currently trading at $10.64. The stock has been moving largely sideways for the past five months with the $10 level being support and the $11.50 level being resistance. Options traders are selling some calls on the name today. The June $11 strike was sold 4,400 times on open interest on 30,195 contracts and the October $11 strike was sold 2,200 times on open interest of 10, 447 contracts. Yamana Gold Inc. is a Canada-based gold producer engaged in gold mining and related activities, including exploration, extraction, processing and reclamation. The Company has significant properties involved in gold production, and other precious metal production, development, exploration and land positions throughout the Americas including Brazil, Argentina, Chile and Mexico.