Investors with a lot of money to spend have taken a bearish stance on Hecla Mining HL.
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 HL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Hecla Mining.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,073, and 7, calls, for a total amount of $437,636.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $7.0 for Hecla Mining over the recent three months.
Insights into Volume & Open Interest
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 Hecla Mining'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 Hecla Mining's whale activity within a strike price range from $5.0 to $7.0 in the last 30 days.
Hecla Mining 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HL | CALL | SWEEP | BEARISH | 05/17/24 | $0.25 | $0.24 | $0.24 | $6.00 | $213.3K | 2.3K | 34.5K |
| HL | CALL | SWEEP | BULLISH | 01/16/26 | $1.24 | $0.82 | $1.1 | $7.00 | $55.0K | 2.4K | 608 |
| HL | CALL | SWEEP | BEARISH | 01/17/25 | $1.09 | $1.05 | $1.06 | $5.50 | $42.1K | 10.1K | 764 |
| HL | CALL | SWEEP | BEARISH | 05/17/24 | $0.26 | $0.25 | $0.25 | $6.00 | $41.0K | 2.3K | 25.7K |
| HL | CALL | SWEEP | BEARISH | 01/17/25 | $1.35 | $1.28 | $1.28 | $5.00 | $34.3K | 12.6K | 758 |
About Hecla Mining
Hecla Mining Co produces and explores silver, gold, zinc and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada , United States and Mexico and it derives a majority of its revenue from United States.
Having examined the options trading patterns of Hecla Mining, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Hecla Mining Standing Right Now?
- Trading volume stands at 8,281,168, with HL's price down by -1.1%, positioned at $5.4.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 34 days.
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 Hecla Mining options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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