Shares of First Majestic Silver Corp (AG) are up .21 to 10.41 today.? AG is at the low end of the 52-week range.
Today paper traded 18,058 AG Apr 10 calls for 1.09-1.40.? ADV is 1,277 contracts.? The OI is 1,989 contracts.
The volume went up many small to midsize blocks.? The paper looks like a newsletter-type buy with contracts trading on multiple exchanges.? This looks like an opening play on a bounce in the silver miners. IV30 is up sharply to 54.77.
30-day implied volatility is 54%.? ?10-day implied volatility is 45%.? 30-day implied volatility is trading below the 10-day historical volatility.
First Majestic Silver Corp. (First Majestic) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico.?