Shares of Seabridge Gold, Inc. (SA) are up .94 to 8.06 today. ?SA is near the lower end of the 52-week range.
Today paper traded 740 SA Aug 7 calls for 1.35.? The ADV is 1391 contracts.? The OI is 80 contracts.
The volume went in one block.? Trading for the day is huge at over 10,000 contracts with most of the paper flowing to the buy side.? The calls are trading 1.6 bid as of this writing with the IV up 4 points in August.? The trade is opening and bullish.
30-day implied volatility is 59%.?? 10-day implied volatility is 32%.? 30-day implied volatility is trading above the 10-day historical volatility.
Seabridge Gold Inc. (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America Its resource base includes gold, copper and silver.