Kinross Gold Corp. (KGC) is trading up .31 to 9.84. ?KGC is trading at a one-week high.
On Friday paper traded 8,633 KGC May 10 calls at 0.55.? Total volume was over 12,939 contracts with much of the smaller volume trading on the bid.? Open interest is 4,379 contracts on the strike.? The implied volatility is up two points today in May. The trade looks to be a call seller overwriting a stock position but that is not totally clear from Friday?s volume.
30-day implied volatility is 37%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading well over the 10 day historical volatility.?
Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.