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Wednesday
Aug262009
IAMGOLD Corporation Options Trade Update
Wednesday, August 26, 2009 at 05:23PM
Today we closed the September 2009 series with a strike price of $12.50, for $1.10 having purchased them recently for $1.00 per contract, as IAMGOLD isn't dropping fast enough for our liking.
We have also placed sell orders at $0.15 on the September 2009, $10.00 series of our PUT Options as they are under performing.
As we move into the month of September we will be looking for gold to commence a major move upwards continuing through until February 2010 and will be looking to buy a few Call Options on some of the more oversold gold and silver producers.
IAMGOLD Corporation has a market capitalization of $4.29 billion, a P/E ratio of a whopping 439.47, with 367.31million shares outstanding and an average daily volume of 2.5 million shares traded.
Your thoughts are of course most welcome.
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We have also placed sell orders at $0.15 on the September 2009, $10.00 series of our PUT Options as they are under performing.
As we move into the month of September we will be looking for gold to commence a major move upwards continuing through until February 2010 and will be looking to buy a few Call Options on some of the more oversold gold and silver producers.
IAMGOLD Corporation has a market capitalization of $4.29 billion, a P/E ratio of a whopping 439.47, with 367.31million shares outstanding and an average daily volume of 2.5 million shares traded.
Your thoughts are of course most welcome.
To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.
For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.
For those readers who are also interested in the nuclear power sector that is currently coming back to life, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.
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