A trader set up the October $43/$47 bull call spread 871x at $1.63.
The trader is making a large bullish bet that ABX is nearing a bottom. The trader spent $145,457 to put on the trade. The call spread has limited risk and limited profit potential. The break even price for the spread is $44.67. The spread's profit is limited at a stock price of $47 and higher before October expiration.
The white line shown in the ABX daily stock chart is the break even stock level. ABX traded 31,372 option contracts compared to average daily volume of 31,850. ABX closed today at $43.18. The 52-week range is a low of $39.67 and a high of $55.74.
No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.