bullish trade in Goldcorp
By David Russell, reporter at OptionMonster
NEW YORK -- One investor is using a complex strategy to bet on Goldcorp, which is trying to hold levels last seen almost two years ago.
OptionMonster's tracking programs detected the purchase of about 12,000 October 40 calls for $3.05 to $3.10. Similar numbers of contracts were sold in the October 36 puts for $2.30 and the October 48 calls for 85 cents. Volume was more than 19 times open interest in all three strikes.
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