Deep-pocketed investors have adopted a bearish approach towards Agnico Eagle Mines AEM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Agnico Eagle Mines. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 2 are puts, totaling $183,415, and 7 are calls, amounting to $1,385,818.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $60.0 for Agnico Eagle Mines during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Agnico Eagle Mines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Agnico Eagle Mines's significant trades, within a strike price range of $45.0 to $60.0, over the past month.
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 | SWEEP | BULLISH | 01/17/25 | $50.00 | $534.3K | 3.4K | 2.5K |
| AEM | CALL | SWEEP | BEARISH | 01/17/25 | $50.00 | $450.0K | 3.4K | 551 |
| AEM | CALL | SWEEP | NEUTRAL | 06/21/24 | $50.00 | $220.4K | 2.3K | 4 |
| AEM | PUT | SWEEP | BULLISH | 05/17/24 | $45.00 | $148.2K | 186 | 1.0K |
| AEM | CALL | TRADE | BEARISH | 01/17/25 | $50.00 | $86.9K | 3.4K | 1.6K |
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.
Present Market Standing of Agnico Eagle Mines
- With a volume of 2,446,094, the price of AEM is down -1.45% at $51.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 69 days.
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.
© 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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