Eldorado Gold Corp is currently trading at $4.29 (down? $.15) with an IV30 of 62% and an HV10 of 56.?? EGO is seeing heavy call action today.
- Traders are selling the October 5 calls in bulk against stock in what appears to be a buy-write.
- A trader sold 13,726 of the Oct 5 calls at $.26 and 1390 of the Oct 5 calls at $.28 tied to stock.
- This appears to be a customer that is looking to harvest yield. If it rallies the customer will be able to participate on the upside up to approximately $5.27.
- The trade breaks even as long as the tock stays above $4.00.
- This trade is bearsh volatility in EGO and mildly bullish the stock.