Pan American Silver Corp. (PAAS, Financial) is experiencing heightened bullish activity in its options market. A total of 5,375 call options have been traded, which is nearly twice the normal volume, while implied volatility has surpassed 52%, showing a significant rise.
The options with the most activity include the 5/2 weekly 28.5 calls and the 4/25 weekly 27 calls. Combined, these options have seen close to 3,400 contracts traded. This surge in call options is reflected in a Put/Call Ratio of 0.23, indicating a strong preference for call options over puts.
Investors are closely watching PAAS as it approaches its anticipated earnings announcement, scheduled for May 7th. This activity suggests an optimistic outlook among traders regarding the company's upcoming performance.
