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January 23, 2013  Wed 9:26 AM CT

KGC: SEE CHART GET CHAIN FIND STRATEGIES
Kinross Gold has been in a tight range for months, and option traders are looking for more of the same.

optionMONSTER systems show that just over 10,000 August 8 puts have traded against previous open interest of 1,103 contracts. The biggest block of 6,848 was sold for the bid price of $0.30.

The put selling is a bet that KGC will be above $8 through that August expiration. If the stock is below that strike price, traders will face the obligation to buy shares. (See our Education section)

KGC is down 2.13 percent to $9.66 this morning. The Toronto-based miner has been trading between $11 and $9 since the start of September.
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Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

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