Investors with a lot of money to spend have taken a bullish stance on Pan American Silver PAAS.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PAAS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Pan American Silver.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 9%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $37,000, and 10, calls, for a total amount of $622,910.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $30.0 for Pan American Silver over the last 3 months.
Volume & Open Interest Trends
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 Pan American Silver'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 Pan American Silver's whale activity within a strike price range from $10.0 to $30.0 in the last 30 days.
Pan American Silver Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | CALL | SWEEP | BEARISH | 01/17/25 | $3.5 | $3.3 | $3.32 | $20.00 | $166.6K | 15.7K | 503 |
| PAAS | CALL | TRADE | NEUTRAL | 01/17/25 | $3.1 | $2.9 | $3.0 | $20.00 | $150.0K | 15.7K | 1.0K |
| PAAS | CALL | TRADE | NEUTRAL | 07/19/24 | $2.75 | $2.65 | $2.7 | $18.00 | $67.5K | 1.6K | 257 |
| PAAS | CALL | SWEEP | BULLISH | 07/19/24 | $0.55 | $0.45 | $0.5 | $22.00 | $59.6K | 8.7K | 1.6K |
| PAAS | PUT | TRADE | NEUTRAL | 01/17/25 | $3.8 | $3.6 | $3.7 | $22.00 | $37.0K | 430 | 100 |
About Pan American Silver
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
Following our analysis of the options activities associated with Pan American Silver, we pivot to a closer look at the company's own performance.
Where Is Pan American Silver Standing Right Now?
- Trading volume stands at 4,481,876, with PAAS's price down by -7.73%, positioned at $19.94.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 61 days.
What The Experts Say On Pan American Silver
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $26.5.
- An analyst from CIBC has decided to maintain their Outperformer rating on Pan American Silver, which currently sits at a price target of $30.
- An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Pan American Silver, which currently sits at a price target of $23.
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 Pan American 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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