Traders Collaring Up Gains in Kinross (KGC)

Shares of Kinross Gold Corporation

are higher on the session by 1.39%, currently trading at $18.97. The stock has been moving largely higher over the past six weeks as gold futures soar to new highs. One options trader is taking money off the table via a collar today, though. A short while ago the November $17/20 collar was sold 11,400 times for a net credit of roughly $0.23. This trade caps the trades profit level at 6.5% from here in return for protection on a long position 6.8% lower than the current trade price. Kinross Gold Corporation is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Kinross' gold production and exploration activities are carried out principally in the United States, Brazil, Chile, Ecuador and the Russian Federation. For more great research like this, as well as how to play it through options…please visit

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