Financial giants have made a conspicuous bearish move on Agnico Eagle Mines. Our analysis of options history for Agnico Eagle Mines AEM revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $719,450, and 3 were calls, valued at $259,035.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $60.0 for Agnico Eagle Mines over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Agnico Eagle Mines stands at 1720.83, with a total volume reaching 1,160.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Agnico Eagle Mines, situated within the strike price corridor from $45.0 to $60.0, throughout the last 30 days.
Agnico Eagle Mines Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AEM | CALL | TRADE | BEARISH | 03/15/24 | $55.00 | $173.0K | 1.2K | 16 |
| AEM | PUT | TRADE | BEARISH | 06/21/24 | $60.00 | $171.0K | 652 | 200 |
| AEM | PUT | SWEEP | BULLISH | 01/17/25 | $60.00 | $125.0K | 296 | 0 |
| AEM | PUT | TRADE | BULLISH | 06/21/24 | $60.00 | $113.0K | 652 | 100 |
| AEM | PUT | TRADE | BEARISH | 06/21/24 | $60.00 | $113.0K | 652 | 0 |
About Agnico Eagle Mines
Agnico Eagle is a gold miner with mines in Canada, Mexico, Finland, and Australia. Agnico operated just one mine, LaRonde, as recently as 2008 before bringing its other mines online in rapid succession in the following years. It merged with Kirkland Lake Gold in 2022, acquiring the Detour Lake and Macassa mines in Canada along with the high-grade, low-cost Fosterville mine in Australia. It produced more than 3.1 million gold ounces in 2022 and had about 15 years of gold reserves at end 2022. Agnico Eagle is focused on increasing gold production in lower-risk jurisdictions and bought the remaining 50% of its Canadian Malartic mine along with the Wasamac project and other assets from Yamana Gold in 2023.
Having examined the options trading patterns of Agnico Eagle Mines, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Agnico Eagle Mines Standing Right Now?
- With a volume of 1,677,967, the price of AEM is up 1.26% at $49.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 86 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 Agnico Eagle Mines options trades with real-time alerts from Benzinga Pro.
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