A Closer Look at Celestica's Options Market Dynamics
Feb 11, 2025
Insights from the Options Market Regarding Agnico Eagle Mines
Recently, large investors, often referred to as "whales," have shown a strong inclination towards Agnico Eagle Mines. By examining the options history for Agnico Eagle Mines (AEM), analysts have identified 10 notable trades.
Upon reviewing these trades, it’s evident that approximately 70% of investors have opened positions with positive expectations (bullish), while only 10% have taken a bearish approach. Among the trades detected, 2 were put options totaling $372,143, and 8 were call options, amassing a total value of $516,881.
Projected Price Targets
From the analysis of volume and open interest concerning these contracts, it appears that significant investors are targeting a future price range of $65.0 to $110.0 for Agnico Eagle Mines over the past quarter.
Volume & Open Interest Trends
Understanding volume and open interest is vital for assessing the liquidity and appeal of Agnico Eagle Mines' options at various strike prices. Below, we depict the trends in volume and open interest for calls and puts from significant trades within the $65.0 to $110.0 strike price range over the past month.
Recent Options Activity Overview: Last 30 Days
To dive deeper into the options activity, we have compiled the details of significant trades:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AEM | PUT | SWEEP | BULLISH | 05/16/25 | $14.3 | $14.1 | $14.1 | $110.00 | $327.1K | 0 | 232 |
| AEM | CALL | SWEEP | BULLISH | 01/16/26 | $17.5 | $17.2 | $17.4 | $90.00 | $135.7K | 2.2K | 94 |
| AEM | CALL | SWEEP | NEUTRAL | 02/21/25 | $4.3 | $4.2 | $4.3 | $95.00 | $86.0K | 1.5K | 228 |
| AEM | CALL | TRADE | BULLISH | 01/15/27 | $39.7 | $38.0 | $39.38 | $65.00 | $78.7K | 40 | 20 |
| AEM | CALL | TRADE | BULLISH | 01/16/26 | $35.9 | $35.3 | $35.7 | $65.00 | $71.4K | 226 | 20 |
About Agnico Eagle Mines
Agnico Eagle is a prominent gold mining company with operations in Canada, Mexico, Finland, and Australia. As of 2008, Agnico operated only one mine, LaRonde, but rapidly expanded its operations, bringing multiple mines online in the following years. In 2022, the company merged with Kirkland Lake Gold, gaining control of the Detour Lake and Macassa mines in Canada, as well as the low-cost, high-grade Fosterville mine in Australia. In 2023, Agnico produced over 3.4 million ounces of gold and had approximately 15 years' worth of gold reserves. The company emphasizes increasing gold production in secure regions and has also acquired additional assets from Yamana Gold recently.
With a thorough examination of Agnico Eagle Mines' options trading activity complete, we now shift our focus to the company's current market standing.
Current Market Position of Agnico Eagle Mines
- The stock has a trading volume of 2,062,861, and the price of AEM is currently down by 1.3%, now sitting at $97.09.
- Current Relative Strength Index (RSI) values suggest that the stock may be overbought.
- The next earnings report is set to be released in just one day.
Expert Evaluations of Agnico Eagle Mines
Recently, analysts have provided their ratings for this stock, and the consensus target price stands at $105.00. An analyst from Scotiabank has reaffirmed their Sector Outperform rating on Agnico Eagle Mines, maintaining the price target of $105.
Unusual Options Activity Noted: Insights from Market Movers
Monitoring unusual options activity can often reveal potential market shifts before they materialize. Notably, savvy traders engage in ongoing education and market analysis to mitigate risks while optimizing their trading strategies. For those interested in the latest options activities related to Agnico Eagle Mines, real-time alerts are available to keep investors informed.
options, analysis, trading