Bought NEM March 30 puts at 0.30
Gold is getting absolutely whacked today (-$27/oz) yet gold is up. What's up? foolishness is what's up. By the end of the day, I expect NEM to reverse its early gains and trade down into the 35's. The March 30 puts should be a double in that case if my pricing model is right. If you're looking for a speculative trade with lots of leverage, here's a good one. Should support get busted on NEM at 34, this option could go in the money... quickly.
GMX owns: SLV April 12 puts, GG April 20 puts, GG March 25 puts, KGC March 20 puts, and NEM March 30 puts.