Whales with a lot of money to spend have taken a noticeably bullish stance on Pan American Silver.
Looking at options history for Pan American Silver PAAS we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $86,817 and 6, calls, for a total amount of $248,154.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $30.0 for Pan American Silver during the past quarter.
Volume & Open Interest Development
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 $15.0 to $30.0 in the last 30 days.
Pan American Silver Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | CALL | SWEEP | BULLISH | 01/17/25 | $5.8 | $5.7 | $5.8 | $17.00 | $58.0K | 8.3K | 132 |
| PAAS | CALL | SWEEP | BULLISH | 10/18/24 | $2.75 | $2.65 | $2.75 | $20.00 | $55.0K | 3.9K | 345 |
| PAAS | PUT | SWEEP | BEARISH | 01/16/26 | $9.9 | $9.7 | $9.9 | $30.00 | $46.5K | 26 | 1 |
| PAAS | PUT | SWEEP | BEARISH | 08/16/24 | $3.1 | $3.0 | $3.1 | $24.50 | $40.2K | 1 | 1 |
| PAAS | CALL | SWEEP | BEARISH | 01/17/25 | $1.65 | $1.55 | $1.6 | $25.00 | $37.7K | 8.0K | 39 |
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.
Having examined the options trading patterns of Pan American Silver, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Pan American Silver Standing Right Now?
- With a volume of 2,793,417, the price of PAAS is down -5.72% at $21.41.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
What Analysts Are Saying About Pan American Silver
3 market experts have recently issued ratings for this stock, with a consensus target price of $27.666666666666668.
- An analyst from Jefferies persists with their Hold rating on Pan American Silver, maintaining a target price of $22.
- Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Pan American Silver, targeting a price of $26.
- An analyst from CIBC has decided to maintain their Outperformer rating on Pan American Silver, which currently sits at a price target of $35.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Pan American Silver, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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