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Yamana Gold Incorporated Call Options Sold for 70% Profit in One Month Posted: 19 Dec 2008 01:35 PM PST On the 28th November 2008 we purchased Yamana Gold JAN 2009 Call Options at a strike price of $5.00 for an average cost $1.04 per contract, today we decided to sell these contracts for $1.70 each and bank a profit of around 70%. A few days ago these contracts were trading above the $2.00 level but gold has backed off and Yamana's stock price had started to ease so we thought it prudent to close this position (more…) Related on Gold Prices: Also See: |
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