Bullish option flow detected in First Majestic Silver with 8,943 calls trading, 1.6x expected, and implied vol increasing over 1 point to 64.50%. 10/4 weekly 6.5 calls and Oct-24 8 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.09. Earnings are expected on October 31st.
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