Just a short quick note. Seeing very large and unusual call option buying at KGC March $17 calls. Over 8000 contracts have traded vs. open interest of only 416. Nearly all of them hitting the offer side. Following the fast money, I am doing the following call spread:
- Buy to open March $17 calls
- Sell to open March $20 calls
Buying the above call spread for a net debit of $0.95.