Deep-pocketed investors have adopted a bullish approach towards Agnico Eagle Mines AEM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Agnico Eagle Mines. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 69% leaning bullish and 30% bearish. Among these notable options, 3 are puts, totaling $137,891, and 10 are calls, amounting to $2,276,732.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $75.0 for Agnico Eagle Mines, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Agnico Eagle Mines's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Agnico Eagle Mines's whale activity within a strike price range from $40.0 to $75.0 in the last 30 days.
Agnico Eagle Mines 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AEM | CALL | SWEEP | BULLISH | 01/17/25 | $16.4 | $16.3 | $16.4 | $50.00 | $655.9K | 4.7K | 400 |
| AEM | CALL | SWEEP | BULLISH | 01/17/25 | $16.3 | $16.1 | $16.2 | $50.00 | $648.0K | 4.7K | 1.2K |
| AEM | CALL | SWEEP | BULLISH | 01/17/25 | $16.5 | $16.4 | $16.5 | $50.00 | $392.7K | 4.7K | 120 |
| AEM | CALL | SWEEP | BULLISH | 01/17/25 | $16.5 | $16.4 | $16.5 | $50.00 | $198.0K | 4.7K | 0 |
| AEM | CALL | SWEEP | BULLISH | 04/19/24 | $8.8 | $8.6 | $8.8 | $55.00 | $176.0K | 4.4K | 223 |
About Agnico Eagle Mines
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.4 million gold ounces in 2023 and had about 15 years of gold reserves at end 2023. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Agnico Eagle Mines's Current Market Status
- Trading volume stands at 1,268,323, with AEM's price up by 0.19%, positioned at $63.59.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 6 days.
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 Agnico Eagle Mines with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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