Shares of Coeur Mining Inc. (CDE) are down .35 to 8.06. CDE is making a 52 week low.
Today paper traded 20000 CDE Sep 8/10 put spreads at 1.25-1.30. The ADV is 3012 contracts.? The OI is 20070 in the 10s and 95 in the 8s.
The volume went in 4 big blocks.? A put trader, who is long the Sep 10s, is rolling down to the Sep 8s.? This could be a protective long stock move and rolling down to secure profits in the puts.
30-day implied volatility is 51%.?? 10-day implied volatility is 26%.? 30 day implied volatility is trading above 10 Day Historical volatility.
Coeur Mining, Inc., formerly Coeur d?Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.