Calls Purchased on Endeavour Silver Corp. (EXK)
Shares of Endeavour Silver Corp. (AMEX: EXK) are lower on the session by 8.58%, currently trading at $6.18. The stock has been moving largely higher over the past four months, rallying from a recent low near $3.00 to a high over $7.00.
Options traders are buying calls on the name today. A short while ago the December $5.00 call was purchased ~3,000 times, on the offer, on open interest of only 427 contracts. This signals new positioning on the strike. There has also been small lot call buying on the $5.00 and $7.50 strikes in multiple months.
Overall call volume is now running at 4.59x the daily average with 70% of all calls traded being purchases on the offer.
Endeavour Silver Corp. is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of mineral properties. The company produces silver-gold from its underground mines at Guanacevi and Guanajuato in Mexico.
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