Market Scheming

Wednesday, October 26, 2011

Yamana Gold (TSX: YRI) (NYSE: AUY) - 10/26/2011 - Unusual move, likely flushed out weak hands

Yamana Gold (TSX: YRI)  (NYSE: AUY) - 10/26/2011






Research done by Andrea Kramer on Schaeffer's Options Center

Article: Unusual Call Activity on BP, STP, AUY, and CMI - 10/26/2011 10:29:36 AM

"Moving on, AUY followed gold futures into the black yesterday, attracting a bevy of bullish option bettors in the process. Garnering notable attention was the near-the-money January 2012 16-strike call, which saw close to 4,250 contracts change hands. The bulk of the volume traded at the ask price, and call open interest at the LEAPS strike ballooned overnight, pointing to newly bought bullish bets. In early trading, AUY has tacked on another 1.7% to explore the $15.77 region."
Andrea was referencing this spike in volume for the 2012 Jan 21 16.00 Call for Yamana Gold Inc.


 Yamana Gold's Thrid Quarter results will be coming out November 2, 2011 after close. 

TORONTO , Oct. 4, 2011 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced that its third quarter 2011 results will be released after market close on November 2, 2011 followed by a conference call and webcast on November 3, 2011 at 11:00 a.m. ET . 

 Press release PDF download




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