Pan American Silver Corp (PAAS) $30.42 +2.15%
Pan America Silver (PAAS) is up 71 cents to $30.49 after silver (December) added 7 cents to $23.85. Meanwhile, PAAS options volume is running 4.5X the average daily, driven by a Nov 29 put buyers. 17,100 traded (63 percent ask) and implied volatility is up 7 percent to 46.5. ISEE data (at 1037 contracts or 67 percent of the volume on ISE) confirm that some customers are buying to open new positions in PAAS puts. No news on the ticker today. Earnings expected around Nov 10.
Category: All Stocks, Basic Resources, Mid Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
