High-rolling investors have positioned themselves bearish on First Majestic Silver AG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for First Majestic Silver. This is not a typical pattern.
The sentiment among these major traders is split, with 10% bullish and 90% bearish. Among all the options we identified, there was one put, amounting to $170,880, and 9 calls, totaling $1,548,142.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $17.0 for First Majestic Silver during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for First Majestic Silver's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across First Majestic Silver's significant trades, within a strike price range of $5.0 to $17.0, over the past month.
First Majestic Silver Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AG | CALL | TRADE | BEARISH | 01/16/26 | $1.45 | $1.21 | $1.21 | $15.00 | $605.0K | 0 | 10 |
| AG | CALL | SWEEP | BEARISH | 01/16/26 | $1.2 | $1.15 | $1.15 | $15.00 | $287.5K | 0 | 10.3K |
| AG | CALL | SWEEP | BEARISH | 01/16/26 | $1.2 | $1.15 | $1.15 | $15.00 | $287.5K | 0 | 7.7K |
| AG | PUT | TRADE | BEARISH | 01/16/26 | $3.2 | $3.15 | $3.2 | $10.00 | $170.8K | 2.0K | 96 |
| AG | CALL | SWEEP | BEARISH | 01/17/25 | $2.45 | $2.39 | $2.39 | $7.00 | $139.3K | 12.8K | 649 |
About First Majestic Silver
First Majestic Silver Corp is engaged in the production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. It owns three producing mines, in Mexico consisting of the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine.
Current Position of First Majestic Silver
- With a trading volume of 12,336,490, the price of AG is up by 2.52%, reaching $8.13.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 23 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest First Majestic Silver options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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