Shares of First Majestic Silver Corp. (AG) are down .15 to 10.35 today.? AG is in the middle of the 52 week range.
Today paper traded 2250 AG Jul/Oct 10 call spreads for .75.? The ADV is 1367 contracts.? The OI is 8397 and 1318.
The volume went up in 2 large blocks.? This looks like a long call holder rolling out to Oct.? Unless they bought the July?s for a rock bottom price this trade is down money so far.? AG did trade in the low 8s in May so that could have been the time to scoop some 10s but the trader is looking for more time.
30-day implied volatility is 43%. ? 10-day implied volatility is 52%.? 30 day implied volatility is trading below the 10 realized volatility
First Majestic Silver Corp. (First Majestic) is engaged in acquiring, exploring and developing silver properties and producing silver in Mexico. The Company has five operating mines located in Mexico, two development projects in Mexico, one retail market segment in Canada and one silver trading segment in Europe.?