Shares of Yamana Gold Inc. (AUY) are up .15 to 9.23 today.? AUY is in the lower end of the 52 week range.
Today paper traded 24989 AUY Jul 9 calls from .83 to .93. The ADV is 517 contracts. The OI is 3401 contracts.
The volume went up in hundreds of small blocks.? Traders bid the strike from the open and most of the trade has been on the buy side keying on that one strike.? The volume continues to ramp up and this looks like a newsletter type trade will all players jumping into one strike.? IV is up only 1.5 points on the mostly opening paper.
30-day implied volatility is 40%.? ?10-day implied volatility is 37%.? 30-day implied volatility is trading above the 10-day Historical volatility.
Yamana Gold Inc. (Yamana) is a gold producer, engaged in gold production, gold development stage properties, exploration properties and land positions.