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Financial giants have made a conspicuous bearish move on Pan American Silver. Our analysis of options history for Pan American Silver (NYSE:PAAS) revealed 40 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $170,190, and 38 were calls, valued at $2,547,893.
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Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $25.0 for Pan American Silver over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Pan American 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 Pan American Silver’s significant trades, within a strike price range of $10.0 to $25.0, over the past month.
Pan American Silver Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
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| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | CALL | SWEEP | BEARISH | 06/21/24 | $3.8 | $3.7 | $3.7 | $16.00 | $148.1K | 2.0K | 834 |
| PAAS | CALL | SWEEP | BEARISH | 07/19/24 | $6.6 | $6.5 | $6.5 | $13.00 | $130.0K | 661 | 212 |
| PAAS | CALL | SWEEP | BEARISH | 07/19/24 | $5.7 | $5.6 | $5.6 | $14.00 | $112.0K | 3.1K | 617 |
| PAAS | CALL | SWEEP | BEARISH | 07/19/24 | $5.7 | $5.6 | $5.6 | $14.00 | $112.0K | 3.1K | 857 |
| PAAS | CALL | SWEEP | BEARISH | 07/19/24 | $5.6 | $5.5 | $5.5 | $14.00 | $110.0K | 3.1K | 2.2K |
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.
In light of the recent options history for Pan American Silver, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Pan American Silver
- With a trading volume of 12,104,466, the price of PAAS is up by 6.81%, reaching $19.3.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 29 days from now.
Professional Analyst Ratings for Pan American Silver
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.0.
- Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Pan American Silver, targeting a price of $20.
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.
Discover the power of “triple-threat stocks” today!
Legendary investor, Tim Melvin, unearths unlooked “triple-threat stocks” in his Yield Report. Want a shot at handsome opportunities in both a bear and bull market? See if you qualify for the Yield Report. Access for only $0.99 here right NOW!
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