Looking At Agnico Eagle Mines's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Agnico Eagle Mines AEM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AEM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Agnico Eagle Mines.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $416,916, and 7 are calls, for a total amount of $932,630.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $70.0 for Agnico Eagle Mines over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Agnico Eagle Mines options trades today is 5126.0 with a total volume of 2,872.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Agnico Eagle Mines's big money trades within a strike price range of $50.0 to $70.0 over the last 30 days.

Agnico Eagle Mines Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AEM CALL TRADE BEARISH 01/19/24 $60.00 $620.0K 11.7K 1.0K
AEM PUT TRADE BULLISH 03/15/24 $60.00 $279.0K 14 400
AEM PUT TRADE BULLISH 03/15/24 $60.00 $93.0K 14 0
AEM CALL SWEEP BULLISH 07/21/23 $60.00 $76.3K 1.6K 425
AEM CALL TRADE BULLISH 05/19/23 $55.00 $68.7K 3.7K 341

Where Is Agnico Eagle Mines Standing Right Now?

  • With a volume of 2,060,319, the price of AEM is up 2.24% at $57.17.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 85 days.

What The Experts Say On Agnico Eagle Mines:

  • Barclays has decided to maintain their Overweight rating on Agnico Eagle Mines, which currently sits at a price target of $63.

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 Agnico Eagle Mines, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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