Shares of Randgold Resources LTD. (GOLD) are down 1.33 to 74.11.? GOLD is in the middle of the 52 week range.
Today paper trade 1200 GOLD Sep 92.5 calls for .70. ?The ADV is 1645 contracts.? The OI is 738 contracts.
The volume went up in scattered trade with midsize blocks.? The buyer(s) lifted the .70 offer and it took several transactions on multiple exchanges to fill.? Most likely this was opening bullish paper.? A 1900 lot of Sep 92.5 traded just after so this could be the 2nd leg of a ratio call spread.? The trades did not go up marked as spread but within 1 min of each other.
?30-day implied volatility is 24%.?? 10-day implied volatility is 13%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Randgold Resources Limited is engage in the exploration and development of gold deposits in Sub-Saharan Africa.?