Core Insights - Investors are showing a bullish stance on First Majestic Silver, with significant options activity indicating potential upcoming developments [1][2] - The options sentiment is split evenly between bullish and bearish, with a notable amount of call options traded compared to put options [2] - The expected price movements for First Majestic Silver are concentrated within a range of $5.0 to $20.0 over the past three months [3] Options Activity - A total of 34 options trades were identified, with 33 being call options amounting to approximately $3.93 million, while only 1 put option was noted at $94,000 [2] - The analysis of volume and open interest reveals significant liquidity and interest in options for First Majestic Silver, particularly within the $5.0 to $20.0 strike price range [4] Company Overview - First Majestic Silver Corp focuses on the production, development, exploration, and acquisition of mineral properties, primarily silver and gold, in North America [11] - The company operates three producing mines in Mexico: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine [11] Market Performance - Professional analysts have set an average price target of $15.75 for First Majestic Silver, with one analyst maintaining a Buy rating and a target price of $17 [13][14] - The current trading volume stands at 13,380,428, with the stock price at $13.58, reflecting a decrease of 1.16% [16]
Smart Money Is Betting Big In First Majestic Silver Options - First Majestic Silver (NYSE:AG)