Unusual Options Activity Fri 4/12/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• MRSN Aug 5 calls (volume: 3550, open int: 0, implied vol: ~180%, prev day implied vol: 138%). Co is expected to report earnings early May.
• CDE Apr 5.5 calls (volume: 9130, open int: 160, implied vol: ~109%, prev day implied vol: 81%). 7250 contracts traded in a single transaction. Co is confirmed to report earnings May 1 before the open.
• RIG Jun 5 calls (volume: 6020, open int: 10, implied vol: ~71%, prev day implied vol: 64%). 1950 contracts traded in a single transaction. Co is confirmed to report earnings April 29 before the open.

Bearish Put Activity:

• APLD Apr 4 puts are seeing interest with the underlying stock down 7% (volume: 7000, open int: 700, implied vol: ~250%, prev day implied vol: 177%). Co reported earnings last night.
• TEVA Apr 12.5 puts are seeing interest with the underlying stock down 5% (volume: 7020, open int: 0, implied vol: ~44%, prev day implied vol: 34%). 1350 contracts traded in a single transaction. Co is confirmed to report earnings May 8 before the open.

Sentiment: The CBOE Put/Call ratio is currently: 0.98, VIX: (18.62, +3.71, +24.8%).
April 19 is options expiration -- the last day to trade April equity options.

=Coeur d'Alene Mines (CDE) reported earnings on Wed 25 Oct 2017 (a/h)

Coeur d'Alene Mines misses by $0.12, misses on revs 

• Reports Q3 (Sep) loss of $0.10 per share, excluding non-recurring items, $0.12 worse thanthe Capital IQ Consensus of $0.02; revenues rose 1.5% year/year to $176 mln vs the $185.09 mln Capital IQ Consensus.
• Coeur's 2017 production guidance remains unchanged from the revised guidance published October 5, 2017.
• 2017 Cost Outlook
  • AISC per AgEqOz prior: $15.75 - $16.25 (60:1) $14.25 - $14.75 (70:1)  current: $16.25 - $16.75 (60:1) $14.75-$15.25 (70:1) 
• "During the third quarter, the Company delivered higher production and cash flow, lower costs, and realized key objectives at several major, multi-year growth projects," said Mitchell J. Krebs, Coeur's President and Chief Executive Officer. "Palmarejo and Wharf were the strongest performers during the quarter, delivering strong production growth and generating combined free cash flow of nearly $25 million."