Shares of McEwen Mining Inc. (MUX) are down .17 to 2.31.? MUX is trading near the one-year low.
Today calls and puts traded on the MUX Jan 2014 5 strike 1,500 times. The average contract volume is 922 contracts per day in the name.? Open interest is 6,975 and 1,950, respectively
The trade went up with the calls trading on the bid which points to a short combination in the options.? This means the paper is getting short using options possibly against buying stock for a conversion.
30-day implied volatility is 93%.? 10-day implied volatility is 68%.? 30-day implied volatility is trading above the 10-day historical volatility.
McEwen Mining Inc. (McEwen Mining), formerly US Gold Corporation, is engaged in the exploration for and production of precious metals in the United States, Mexico and Argentina.