Shares of AuRico Gold Inc. (AUQ)? are up .25 to 4.99.
Today paper traded 3000 AUQ Sep 6 calls at .30.? ADV is 446 contracts.? The OI is over 62 contracts.
The volume went up in one block marked spread.? The large volume on the Jun 5?s did not go up marked spread but did look like buy to close volume.? This could be a buy write on the Sep 6?s or a spread pieced out.? Either way the paper is looking like hedging a long stock holding.? IV in Sep is flat.
30-day implied volatility is 48%.?? 10-day implied volatility is 46%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
AuRico Gold Inc. is a Canada-based gold producer with mines and projects in North America.