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Traders are looking for Stillwater Mining to rally by midyear.
optionMONSTER's tracking systems detected the purchase of 2,000 July 16 calls for $0.88 and the sale of 2,000 July 12 puts for $0.43 yesterday. Both transactions occurred at the same second, so this is a combination trade.
This strategy is highly bullish because a rally would boost the price of the long calls while decreasing the value of the puts that were sold . But the opposite will occur if the stock drops, and the trader will be on the hook to buy shares if they fall below $12 by expiration in mid-July. (See our Education section)
The trade follows July 16 call buying in Stillwater cited on our InsideOptions Pro service back on Dec. 17 , three sessions after bullish activity in the same strike.
SWC gained 2.99 percent to close at $14.79 yesterday. The platinum producer pulled back from December highs above $15 but found support around $13 and has been moving higher since. The company reported strong earnings on Feb. 20.
The combination trade pushed total SWC option volume to 6 times its daily average for the last month.
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Stillwater Mining Co
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PRODUCTEUR |
CODE : SWC |
ISIN : US86074Q1022 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Stillwater Mining est une société de production minière de cuivre et de nickel basée aux Etats-Unis D'Amerique. Stillwater Mining est productrice de cuivre, de nickel, de palladium, de pgm et de platine en USA, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont EAST BOULDER MINE, STILLWATER MINE et EAST BOULDER en USA et son principal projet en exploration est SIM LAKE au Canada. Stillwater Mining est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,2 milliards US$ (2,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 1,76 US$, et son plus haut niveau récent le 03 mai 2017 à 18,00 US$. Stillwater Mining possède 121 080 187 actions en circulation. |