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Alan Knuckman's Bullish Newmont Goldcorp Trade

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Alan Knuckman of Agora Financial suggested on Bloomberg Markets traders should consider a bullish options trade in Newmont Goldcorp Corp (NYSE: NEM).

He wants to buy the August 28 call for $4. The trade breaks even at $32 or 1.27 percent above the closing price on Wednesday. The trade captures earnings report, which is scheduled on July 25. Knuckman said the company exceeded expectations for the last four earnings reports.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

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