CNBC Stock Blog
- Investors Bet on a New Year's Rally For eBay
- Why You Should Play the Reflation Trade: Stock Picker
- S&P to Hit 1,200 by Year-End: Chief Investor
- 5 Big Bank Stocks Investors Should Consider: Strategists
- My 2010 Home Price Outlook: UBS Analyst
- Why Are Options Piling into Dollar Tree?
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wednesday's Economic News Crunch Could Tilt Markets
- Obama Reiterates Commitment to Boost US-India Ties
- NBA D-League On The Rise
- Australia Wheat Exporters Face Challenges: GrainCorp
- Japan Export Rebound Eases Fear of New Recession
- Starbucks Eyes China as Next Major Market
- Stifling Anger at Work Can Kill, Survey Finds
- The Social Media Gaming Threat
- Why You Should Play the Reflation Trade: Stock Picker
- Citi Mortgage Reveals What Treasury Won't
- S&P to Hit 1,200 by Year-End: Chief Investor
- Amended Berkshire Hathaway Filing Indicates No Secret Stock Stakes at End of Q3
- Facebook's Biggest-Ever Holiday Shopping Season
- Facebook's New Dual Class Structure - Slow Steps to an IPO
- 5 Big Bank Stocks Investors Should Consider: Strategists
- Gambling Drunk, Texting to Live And America's On Sale - Your Emails
- Nov. 24: Unusual Volume Leaders
- AIG Board OKs CEO Pay; Benmosche Agrees to Stay
- Half of Banks' Losses May Still Be Hidden: IMF Head
- Deere Reports Quarterly Net Loss, Revenue Falls
- Tiffany Profit Higher Than Expected; Raises Outlook
- Americans Ditch Planes for Trains this Thanksgiving
- Obama Reiterates Commitment to Boost US-India Ties
- FDIC's Bair Cautions on Risks in Bank Break-Up Plan
- Call Me Crazy: Confessions of a Black Friday Shopper
- Turkey Day 101: How Well Do You Know Your Bird?
RSS FEED
Text Size 
Managing Editor, OptionMonster
At least one institutional trader is betting that mining company Goldcorp will make large gains in the next three months.
Today's trade involves 5,000 calls bought at the October 45 strike price for $0.95, nearly double the open interest, according to OptionMonster's real-time tracking systems. Average call volume for the strike is just 55 contracts.
___________________________
CNBC/OptionMonster Trading School:
___________________________
GG stock [GG
Loading...
()
], which is up 1.88 percent to $36.77 this morning, has largely tracked the price of gold as it has risen in the last week or so. It is the second precious-metals company to show heavy options activity on our systems today, along with Hecla Mining.
The stock was upgraded yesterday by BMO Capital Markets to "outperform." Goldcorp's shares would need to rise some 25 percent by options expiration in mid-October for the calls purchased today to be profitable.
Total calls at all strikes outnumber puts by more than 5 to 1, suggesting a generally bullish sentiment among traders.
___________________________
Other Top Gold Miners:
Freeport-McMoRan Copper & Gold [FCX
Loading...
()
]
Newmont Mining [NEM
Loading...
()
]
Barrick Gold [ABX
Loading...
()
]
Gold Fields [GFI
Loading...
()
]
___________________________
___________________________
Mike Yamamoto is an analyst and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes