| Alamos Gold faces heavy call selling | |
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A large trade apparently sees limited upside potential for Alamos Gold next year.
optionMONSTER's market scanners show that 11,100 June 5 calls were sold for $0.20 and $0.25 at the same second on Friday. This is clearly a new position, as open interest in the strike was only 340 contracts before the session began..
Short calls generate income and fix the price where a stock must be sold. The strategy is usually done in conjunction with long shares in a covered-call position , reflecting a belief that upside will be limited through expiration in mid-June. (See our Coaching section)
AGI rose 0.62 percent to $3.23 on Friday. The gold miner last traded above $5 only briefly on Oct. 15 and is down 35 percent since then. Its next quarterly results are estimated for pre-market hours on Dec. 31.
Overall option volume in the name was 94 times greater than average on Friday.
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Alamos Gold Inc
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DEVELOPMENT STAGE |
CODE : AGI.TO |
ISIN : CA0115271086 |
CUSIP : 011527108 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alamos Gold is a gold producing company based in Canada. Alamos Gold develops gold and silver in Mexico and in Peru, and holds various exploration projects in Peru and in Turkey. Its main assets in development are CERRO JUMIL in Mexico and SAN LUIS PROJECT in Peru and its main exploration properties are GAP, EL JASPE, BIRICU, LA PROVIDENCIA PROSPECT, MERCURY MINES, PUERTO DEL AIRE, ESCONDIDA MIL, LOS BAJIOS, EL REALITO, MULATOS, LA YAQUI and CERRO PELON in Mexico, UTCUCOCHA, ABRA ROJO, COLQUI ORCCO and PUCARANA in Peru and KIRAZLI, AGI DAGI and CAMYURT in Turkey. Alamos Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.7 billions as of today (US$ 4.2 billions, € 3.9 billions). Its stock quote reached its lowest recent point on May 14, 2004 at CA$ 1.50, and its highest recent level on May 10, 2024 at CA$ 21.41. Alamos Gold has 266 320 000 shares outstanding. |