Tuesday, November 3, 2009

Yamana Gold Earnings Play

Yamana Gold reports earnings today. This is a highly volatile stock which easily moves 20% in a month. If it moves in the next 16 days, straddles have the potential of being profitable. Here is a one as of 11:15AM, when AUY was right in the middle of strike prices (sweet spot).

Note: Options are very dangerous and may cause 100% loss. Please do your own due dilligence.

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