27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on Pan American Silver. Our analysis of options history for Pan American Silver (NYSE:PAAS) revealed 18 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $162,500, and 16 were calls, valued at $787,481.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $22.0 for Pan American Silver over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Pan American Silver's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Pan American Silver's substantial trades, within a strike price spectrum from $13.0 to $22.0 over the preceding 30 days.
Pan American Silver 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PAAS | PUT | SWEEP | BEARISH | 07/19/24 | $4.4 | $4.3 | $4.4 | $22.00 | $132.0K | 21 | 0 |
| PAAS | CALL | SWEEP | BULLISH | 01/17/25 | $2.35 | $2.25 | $2.34 | $20.00 | $116.8K | 6.4K | 112 |
| PAAS | CALL | TRADE | BEARISH | 07/19/24 | $4.8 | $4.5 | $4.5 | $14.00 | $90.0K | 3.6K | 0 |
| PAAS | CALL | TRADE | BEARISH | 01/17/25 | $4.0 | $3.3 | $3.5 | $17.00 | $70.0K | 8.9K | 1 |
| PAAS | CALL | SWEEP | NEUTRAL | 01/17/25 | $3.6 | $3.5 | $3.55 | $17.00 | $56.8K | 8.9K | 526 |
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.
Pan American Silver's Current Market Status
- Trading volume stands at 5,852,771, with PAAS's price up by 3.48%, positioned at $18.14.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 30 days.
Professional Analyst Ratings for Pan American Silver
In the last month, 1 experts released ratings on this stock with an average target price of $20.0.
- An analyst from Scotiabank persists with their Sector Outperform rating on Pan American Silver, maintaining a target price of $20.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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