| Calls chase rally in Pretium Resources | |
| | |
|
Pretium Resources has seen its stock price double in recent months, and one investor is looking for even more gains by the end of the year.
optionMONSTER's market scanner shows that 1,250 September 7 calls were sold for $4.80 and 1,500 December 7 calls were purchased for $5.20 yesterday. Volume was below open interest in the September contracts, indicating that a bullish position was rolled forward by three months.
Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)
PVG rose 2.83 percent to $12.00 yesterday and is up 114 percent in the last three months. The precious-metals producer is expected to report earnings after the close on Aug. 5.
Overall option volume in the name was twice its daily average yesterday. Calls outnumbered puts by a bullish 19-to-1 ratio.
More From optionMONSTER
|
|
|
Pretium resources Inc.
|
|
EXPLORATION STAGE |
CODE : PVG.TO |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Pretium Resources is a gold and copper development stage company based in Canada. Its main exploration properties are SNOWFIELD (SULPHURETS) and BRUCEJACK in Canada. Pretium Resources is listed in Canada. Its market capitalisation is CA$ 3.5 billions as of today (US$ 2.8 billions, € 2.4 billions). Its stock quote reached its lowest recent point on February 28, 2020 at CA$ 10.00, and its highest recent level on March 11, 2022 at CA$ 19.15. Pretium Resources has 180 700 000 shares outstanding. |