Whales with a lot of money to spend have taken a noticeably bullish stance on A-Mark Precious Metals.
Looking at options history for A-Mark Precious Metals AMRK we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $185,910 and 6, calls, for a total amount of $406,210.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $50.0 for A-Mark Precious Metals, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in A-Mark Precious Metals's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to A-Mark Precious Metals's substantial trades, within a strike price spectrum from $20.0 to $50.0 over the preceding 30 days.
A-Mark Precious Metals Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMRK | CALL | TRADE | BEARISH | 09/20/24 | $23.3 | $22.0 | $22.0 | $20.00 | $220.0K | 0 | 0 |
| AMRK | PUT | TRADE | BEARISH | 09/20/24 | $6.9 | $6.8 | $6.9 | $45.00 | $113.1K | 8 | 36 |
| AMRK | PUT | TRADE | BULLISH | 05/17/24 | $7.0 | $4.8 | $4.85 | $45.00 | $72.7K | 0 | 0 |
| AMRK | CALL | TRADE | BULLISH | 04/19/24 | $6.3 | $4.1 | $6.3 | $35.00 | $42.2K | 668 | 22 |
| AMRK | CALL | SWEEP | BULLISH | 09/20/24 | $2.75 | $2.5 | $2.7 | $50.00 | $39.4K | 218 | 23 |
About A-Mark Precious Metals
A-Mark Precious Metals Inc is a precious metal trading company. It is principally engaged in the wholesale of gold, silver, platinum and palladium bullion and related products in the form of bars, wafers, coins, and grains. The company's operating segment includes Wholesale Trading and Ancillary Services; Secured Lending and Direct Sales. It generates maximum revenue from the Wholesale Trading and Ancillary Services segment. The Wholesale Trading and Ancillary Services segment comprises business units such as Industrial, Coin and Bar, Trading and Finance, Storage, Logistics, and Mint. Geographically, it derives a majority of its revenue from the United States.
Following our analysis of the options activities associated with A-Mark Precious Metals, we pivot to a closer look at the company's own performance.
Current Position of A-Mark Precious Metals
- Trading volume stands at 148,811, with AMRK's price up by 3.85%, positioned at $41.59.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 25 days.
What The Experts Say On A-Mark Precious Metals
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $44.0.
- An analyst from DA Davidson persists with their Buy rating on A-Mark Precious Metals, maintaining a target price of $44.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for A-Mark Precious Metals with Benzinga Pro for real-time alerts.
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