Mixed options sentiment in First Majestic Silver (AG), with shares down 16c near $12.69. Options volume relatively light with 57k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.17. Implied volatility (IV30) dropped 9.06 near 76.0, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.61. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at National Bank.
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Read More on AG:
- First Majestic price target raised to C$18.50 from C$17.50 at BMO Capital
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