Market Overview

Alan Knuckman's Bullish Newmont Goldcorp Trade


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.


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