Paper sold 9323 KGC Apr 3 puts tied up to stock at .18
Kinross Gold Corp., trading 3.06 (down .11) with an IV30 of 61% and an HV10 of 46.7%, saw a large put seller today.? The stock, with an ADV of 6900 contracts and OI of 265,000, saw a customer sell a chunk of the April 3 puts.? The customer sold 9323 puts tied up to stock at .18 and after the initial trade saw more of these sales go up at varying but similar levels.? On the day 11122 of the puts have traded against OI on the line of 3192.
This is a customer that is likely looking to collect premium in KGC and thinks the stock is unlikely to move quickly away from 3.00 and if it does its more likely to creep higher than lower.
This trade should be considered bearish volatility and somewhat bullish the underlying