Call Spread on KL on 7/9/2020

Kirkland Lake Gold Ltd. (KL) engages in the acquisition, exploration, development, and operation of gold properties.

Its principal properties include the Fosterville Mine located in the State of Victoria, Australia; and Macassa Mine situated in the Municipality of Kirkland Lake, Ontario, Canada.

The company was formerly known as Newmarket Gold Inc. and changed its name to Kirkland Lake Gold Ltd. in December 2016.

Kirkland Lake Gold Ltd. is headquartered in Toronto, Canada.

Kirkland Lake Gold reported 1st Quarter March 2020 earnings of $0.70 per share on revenue of $554.7 million. The consensus earnings estimate was $0.82 per share on revenue of $523.4 million. Revenue grew 81.9% on a year-over-year basis.

As more countries devalue their currency, the price of gold has increased. As the value of the commodity increases, this company's stock price should also increase.

We will be trading a Call Spread on August 21st options

Last Trade: $47.53

Trading Range: $18.02 to $51.08

Trade Buy 1 August $45.00 Call at $4.84 Sell 1 August $55.00 Call at $1.15 For a net debit of $3.69 Profit/Loss Analysis Breakeven at $48.69 Maximum profit is $631.00 at strike of $55.00 Maximum loss is ($369.00) at strike of $45.00 Closing Summary Sold 1 August $45.00 Call at $9.22 Bought 1 August $55.00 Call at $2.10

Position closed on 7/31/2020 at price of $7.12 with a 92.95% gain in 22 days.

Updates

7/31/2020 1:19:42 PM

We are closing the KL call spread.

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