Pan American Silver (PAAS) adds 29 cents to $17.47 and 2,175 Jul 17 calls traded on the stock, including a multi-exchange sweep of 2000 for $1.40. An investor bought to open, according to ISEE. The same contract was the subject of buying interest (for $1.1) last week as well (see 5/30 color). Bullish trading in PAAS comes ahead of a Jun 7 analyst day. Silver prices were recently down 29 cents to $28.22.
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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.