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Kirkland Lake Gold Ltd. T.KGI


Primary Symbol: T.KL

Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.


TSX:KL - Post by User

Bullboard Posts
Post by Markcalgaryon May 18, 2018 2:39pm
112 Views
Post# 28053977

Options strings open for Jan 18 2019

Options strings open for Jan 18 2019KL has a relatively short set of Option strings....new ones opened for trading on wednesday.....nibbled a little today, and picked up a call option for $26C for 800 shares ...paid 3.10.  To be profitable by even a dime, KL must be higher than $29.10 on the call date.........$2500 got me access to 800 shares....It would take $25k to buy that many shares....I now control the upside of 4000 shares at various dates and prices  for $10.5K......  Sold my may calls yesterday for 1.86 US and turned a $760Cdn  profit on a $480 Cdn investment ..178% in just 22 days. bought because the quartely was coming out, and couldnt imagine it wouldnt be pretty good...not big dough but fun... This is purely a momentum play with KL.....it may look overbought on the chart, but  with all the stuff coming down the pipe....I will hold.  I will add to the jan calls when I get close to expiry on my June calls.  
Risk reward on these new options. 

Price at call date

29 ...0 profit and I lose all my investment
30....800 profit  30%
31....1600 profit  64%
32....2400 profit  96% 
33....3200 profit 128%
34... 4000 profit  160%

Nothing is in the bank till you sell, these are just the what if numbers.   Imagine what a takeout bid would do for the numbers above.  It might be prudent to pick up a few if you think KL might be a target....

GLTA
MC
Bullboard Posts