Shares of Paramount Gold and Silver Corp (PZG) are up .08 to 2.05.? PZG is trading near the 52-week lows.
Today paper bought small blocks of the PZG Jan 2014 2.5 calls for .30 300 times. ??Average volume is 641 contracts per day.? Open interest is 4,440 contracts.
The trade looks like a buyer of calls in a strike with relatively large open interest.? The Jan 2014 volatility is up 4 points, suggesting opening paper and a little bottom fishing in the gold miners.
30-day implied volatility is 71%.?? 10-day implied volatility is 47%.? 30-day implied volatility is trading above the 10-day historical volatility.
Paramount Gold and Silver Corp. (Paramount) is an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico. Through its wholly owned Mexican subsidiary, Paramount Gold de Mexico S.A. de C.V., the Company owns a 100% interest in the San Miguel property.