Notable Put Options Activity in Kinross Gold
Shares of Kinross Gold (NYSE: KGC) are lower on the session by 2.37%, currently trading at $10.52. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the May 2012 $10.00 put, which has traded 8,300 times on open interest of 22,828 contracts.
Put volume is outpacing call volume by 5 to 1.
Kinross Gold Corporation is engaged in the exploration for, and acquisition, development and operation of, gold-bearing properties in the United States of America, the Russian Federation, Africa and worldwide.
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