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Traders are looking for Randgold to rally by early next year.
optionMONSTER's Heat Seeker system detected the purchase of 3,390 GOLD January 67.50 calls for $2.10 this morning. This is clearly a new position, as open interest in the strike was just 289 contracts before the trade appeared.
These long calls lock in the price where the stock can be purchased through mid-January no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, providing potentially significant leverage, but the contracts will expire worthless if shares remain below $67.50--Randgold's recent high Aug. 21. (See our Education section)
GOLD is down 1.49 percent to $58.70 in early trade. The mining company's stock has been cut in half in the last three years with the plunge in the price of gold. Its next quarterly report is scheduled for Nov. 5.
Today's call buying makes up 96 percent of the option volume in Randgold, which is 5 times its daily average for the last month. Only 2 puts have traded so far in the session.
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Randgold Resources Ltd.
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PRODUCTEUR |
CODE : GOLD |
ISIN : US7523443098 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Randgold Res. est une société de production minière d'or basée au Royaume-Uni. Randgold Res. détient divers projets d'exploration en Tanzanie. Ses principaux projets en production sont MORILA, LOULO et TONGON au Mali et OBUASI au Ghana, ses principaux projets en développement sont KIBALI (KILO-MOTO) en Republique Democratique Du Congo, MASSAWA au Senegal et GOUNKOTO au Ghana et son principal projet en exploration est MIYABI en Tanzanie. Randgold Res. est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,6 milliards US$ (1,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 07 novembre 2003 à 10,03 US$, et son plus haut niveau récent le 04 janvier 2013 à 99,88 US$. Randgold Res. possède 93 804 000 actions en circulation. |