Moderately bullish activity in First Majestic Silver (AG), with shares up $1.38, or 10.84%, near $14.06. Options volume more than double the daily average with 150k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.17. Implied volatility (IV30) is higher by 8.6 points near 84.61, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at National Bank.
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Read More on AG:
- First Majestic upgraded to Buy from Hold at TD Securities
- Mixed options sentiment in First Majestic Silver with shares down 1.21%
- First Majestic price target raised to C$18.50 from C$17.50 at BMO Capital
- First Majestic price target raised to $14 from $12.75 at H.C. Wainwright
- First Majestic upgraded to Outperform from Sector Perform at National Bank