Bullish option flow detected in First Majestic Silver with 9,971 calls trading, 1.9x expected, and implied vol increasing over 3 points to 59.02%. Oct-24 5.5 puts and 9/27 weekly 6.5 calls are the most active options, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 0.61. Earnings are expected on October 31st.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AG:
- First Majestic Silver call volume above normal and directionally bullish
- First Majestic Initiates Major Share Buyback
- First Majestic price target lowered to C$7.50 from C$8.50 at TD Securities
- Gatos Silver price target lowered to $15 from $18 at CIBC
- First Majestic upgraded to Buy from Market Perform at Cormark