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1,600 Eldorado Gold Corporation (Symbol: EGO) Calls Trade

1,600 Eldorado Gold Corporation (Symbol: EGO) Calls Trade

OptionWatch:

Posted September 19, 2023 at 11:00 am

Jeff Praissman
Interactive Brokers

This morning 1,600 Eldorado Gold Corporation (Symbol: EGO) January 19 ’24 12 calls traded. The trader took an opening position in the EGO Jan 19 ’24 12 calls as the open interest this morning was less than 200 contracts.

The calls are a 29 delta, so the trade was the equivalent of 46,400 shares of stock. The trader may be selling upside covered calls to generate extra income against a long stock position.

EGO is currently trading at $10.07. EGO has a 52-week high of $12.11 and a 52-week low of $5.06.

EGO is currently trading at $10.07. EGO has a 52-week high of $12.11 and a 52-week low of $5.06.

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