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Alamos Gold call options spike after Young-Davidson setback
Call options volume surged 673% to nearly 34,000 contracts in one session after a setback cut guidance, while traders placed an approximately $2.9 million sweep at the ask.
Alamos Gold saw a sharp jump in call options activity after a Young-Davidson mine setback cut its guidance, according to MarketBeat Ratings. The firm’s call options volume rose 673%, with nearly 34,000 contracts traded in a single session.
The surge contrasted with weakness in spot gold prices and reflected what MarketBeat Ratings described as institutional positioning around a potential company specific rebound. The outlet said Alamos Gold has strong margins and a funded plan aimed at growing toward 1 million ounces by 2030.
MarketBeat Ratings also cited derivatives flows that included an approximately $2.9 million sweep at the ask, framing the options demand as investors betting on upside despite broader commodity pressure.
The piece adds that gold equities often move alongside spot gold, but the options activity suggested traders were looking past temporary geomechanical disruptions tied to the guidance cut.
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