Notable Put Options Activity in IAMGOLD - Iamgold (NYSE:IAG)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Shares of IAMGOLD (NYSE: IAG) are lower on the session by 2.54%, currently trading at $21.13. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $21.00 put traded 780 times on open interest of 200 contracts. Put volume is outpacing call volume 3 to 1. IAMGOLD Corporation is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world.

27% profits every 20 days?

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