Shares of Eldorado Gold Corp (EGO) are up .14 to 6.29 today.? EDO is in the lower end of the 52-week range.
Today paper traded 3,550 EGO Apr 6 calls for .85.? ADV is 2675 contracts.? The OI is 13,500 contracts.
The volume traded in two blocks with 18,814 trading on the day so far.? By and large paper was buying options in large and small quantities on the strike.? Most likely this is paper adding to the OI looking for higher gold prices.
30-day implied volatility is 50%.? ?10-day implied volatility is 48%.? 30-day implied volatility is trading above the 10-day historical volatility.
Eldorado Gold Corporation (Eldorado) is a gold exploration, development, mining and production company.