Calls Sold on New Gold (NGD)

Shares of New Gold Inc. NGD are higher on the session by 1.27%, currently trading $6.37. The stock has been running higher after testing and holding the 50-day moving average. Options traders appear to be taking profits on the name today though with the August $5.0 call sold 1,100 times on open interest of 1,976 contracts and the November $5.0 call sold 1,633 times on open interest of 5,179 contracts. Benzinga highlighted call buying on the name last week; the stock has since rallied 5.30%. New Gold Inc. is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada, Chile and Brazil.