Lanmar

Call options play on AEM (precious metals miner)

Long
Lanmar Updated   
NYSE:AEM   Agnico Eagle Mines Limited
I am buying the October 16 $80 calls at $2.35.
finance.yahoo.c...201016C00080000?p=AEM20101...

"Sell calls if price hits 81.60" is my target. I'll post profit or loss (%) by or before October 16 options expiration.
Trade closed: target reached:
closed my calls at $3.30 when the stock his 81.63.

+40% profit on the options play/or $95 per contract.

FYI - there is probably more upside in the stock, I own shares that I'm trailing stops on.
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