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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: Porter Davis who wrote (950)	4/3/1998 5:01:00 PM
From: Eric Freeman	Respond to of 1598

Do you watch the options on Kinross - for the volume in the stock I do not see much action in the options?? I have been buying the Canadian - June 5 Calls - Any thoughts? My feeling was that gold was ready to make move and K seemed likely to benefit , which is what appears to be the case. Have the stock also. Option now at $1.45 to $1.65 (K closed $6.35 - $6.40 Canadian) I am in at $1.25 - $1.35 -$Canadian Might interest some buyers - who want leverage on gold stock with big upside, if gold continues move. Trades in US - KGC - closed at $4.50 US - but volume is on TSE. Over 5 million shares today. Also like chart and apparent accumulation by institutions or some other party?? I am looking at a move to $7 - but could be better (IMO) if all falls into place. Any comments or thoughts on this situation? Eric