Eldorado Gold Corp (EGO)

[realfast95]

started a position on Friday.

Goldman has a $5 target. 40% gain opportunity from Friday's close of $3.59

A big options player rolled his Call's out to September strike price $3.5 and paid $.90
http://www.optionmonster.com/news/article.php?page=investor_is_doubling_down_on_eldorado_gold_115669.html

August 19, 2016 Fri 6:45 AM CT

Investor is doubling down on Eldorado Gold

optionMONSTER Staff | [e-mail]
EGO: SEE CHART GET CHAIN FIND STRATEGIES

A large trader is extending and increasing a bullish bet on Eldorado Gold.

optionMONSTER's monitoring program shows that 2,000 August 4 calls were sold for $0.26 while 4,000 September 3.50 calls were purchased for $0.90 yesterday. Volume was below open interest in the August contracts, which expire at the end of today's session, indicating that a bullish position was rolled forward by a month to a lower strike that is closer to the money.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

EGO fell 0.47 percent to $4.27 yesterday and is down 9 percent in the last month. The gold miner is expected to report earnings before he market opens on Oct. 28.

Overall option volume was 3 times greater than average in the name yesterday. Calls outnumbered puts by a bullish 31-to-1 ratio.