Unusual Options Activity, Mon 5/8/23

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:

• GRAB May 3 calls are seeing interest with the underlying stock up 9% (volume: 43.1K, open int: 60, implied vol: ~113%, prev day implied vol: 80%). 25K traded in a single transaction. Co is confirmed to report earnings May 18 before the open.
• BKD May 4 calls (volume: 7350, open int: 10, implied vol: ~142%, prev day implied vol: 114%). Over 2500 contracts traded in a single transaction. Co is expected to report earnings early May.
• HOOD May 9 calls are seeing interest ahead of earnings Wednesday after the close (volume: 2070, open int: 1230, implied vol: ~109%, prev day implied vol: 82%).
  

Bearish Put Activity:

• NET May 43 puts are seeing interest with the underlying stock up 4% (volume: 2190, open int: 560, implied vol: ~67%, prev day implied vol: 56%). Co announced its partnership with Kyndryl Holdings to help enterprises modernize and scale their corporate networks with managed WAN-as-a-Service and Cloudflare Zero Trust.
• HL May 6 puts are seeing interest ahead of earnings Wednesday before the open (volume: 3380, open int: 230, implied vol: ~63%, prev day implied vol: 52%). 2K traded in a single transaction. 
  

Sentiment: The CBOE Put/Call ratio is currently: 0.95, VIX: (17.40, +0.21, +1.2%).
May 19 is options expiration -- the last day to trade May equity options.

=Hecla Mining (HL) reported earnings on Thur 6 Feb 20 (b/o)

• Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. 
• http://www.hecla-mining.com

Hecla Mining Company (NYSE:HL) today announced fourth quarter and full year 2019 financial and operating results.

HIGHLIGHTS

• Fourth quarter sales of $225 million; cash flow from operations of $57 million; net loss of $8.0 million; and adjusted EBITDA of $62 million.1
• 2019 silver production of 12.6 million ounces, up 22% and record gold production of 272,873 ounces, up 4%, over 2018.
• 2019 sales of $673.3 million (the highest in the company's history); cash flow from operations of $120.9 million; net loss of $99.6 million; and adjusted EBITDA of $177.7 million.1
• Record reserves for silver, lead and zinc; increases of 11%, 5% and 8%, respectively over 2018.
• Net debt reduction of approximately $136 million, or more than 23%, from the peak net debt mid-year.
• Cash and cash equivalents of $62 million at year end, an increase of $35 million with no borrowings on the revolving line of credit facility.
• Lowest All Injury Frequency Rate (AIFR) in Company history.
• Lucky Friday return to full production is underway and expected to be complete by the end of 2020.
• Moody's Investors Service upgraded Hecla's Corporate Family Rating from Caa1 to B3 with a stable outlook.

"2019 was a tale of two halves where the second half had higher production, higher prices, better earnings and more cash flow," said Phillips S. Baker, Jr., President and CEO. "The strong third and fourth quarters markedly improved our financial condition, putting us in a better position to refinance the Senior Notes."

Earnings this week : Feb 3 - 7, 20 (wk 6)

Monday (Feb 3)

• Morning: ACM AMG ABG CTLT CHKP NSSC ON SASIA SYY
• Afternoon: ARE GOOG AFG BECN CBT EZPW FN HLIT HIG HP HXL HLI KMT KRC LEG MTSC NXPI PAHC PCH RBC SSD SXI VVV WWD

Tuesday (Feb 4)

• Morning: ATI AXE ARMK ATKR BDC TECH BP CNC CLX CMCO COP CSWI CTS CMI EXP ETN EMR ENTG AQUA IT HAE HLNE HUBB JHG LHX LANC LII LITE MCK MTG MSGN PBI PINC RL ROLL RCL SPG SIRI SNE TDG VSH GRA WDR WAT ZBH

Mon pm & Tue am (by vol) : https://finviz.com/screener.ashx?v=211&t=ARE,GOOG,AFG,BECN,CBT,EZPW,FN,HLIT,HIG,HP,HXL,HLI,KMT,KRC,LEG,MTSC,NXPI,PAHC,PCH,RBC,SSD,SXI,VVV,WWD,ATI,AXE,ARMK,ATKR,BDC,TECH,BP,CNC,CLX,CMCO,COP,CSWI,CTS,CMI,EXP,ETN,EMR,ENTG,AQUA,IT,HAE,HLNE,HUBB,JHG,LHX,LANC,LII,LITE,MCK,MTG,MSGN,PBI,PINC,RL,ROLL,RCL,SPG,SIRI,SNE,TDG,VSH,GRA,WDR,WAT,ZBH&ta=0&o=-volume

• Afternoon: EGHT ATGE AFL ALL DOX AINV APAM ATO BOOT CDK CERN CMG CB TCS CCK ESE ETH FISV F GTES GNW GILD GL THG HIW IPHI JKHY KLAC KN MANH MTCH MDU MCHP MODN MWA NBIX NEWR OI OLN PCTY CNXN PDM PAA PAGP PLT PWL PRU QGEN RRR RNR SCSC STX SNAP SWI TENB UNM USNA VIAV DIS YRCW ZAYO

Wednesday (Feb 5)

• Morning: ABB AME BMI BSX CPRI CG COTY DTE ENR FSV GM GPI HUM KFRC MHO MCFT MRK NS NVT BTU PAG PFGC SR SPOT SUM TMHC TKR UMC WD
• Afternoon: ADTN AOSL UHAL ANGI AVB ACLS CCMP CENT CDAY CINF CTSH COHR CUZ CSGS CUB DHT ECHO ELF ENS FEYE FLO FMC FORM FOXA GLUU GPRO GRUB HI ICHR IAC IRBT LCI LNC RAMP MTRX MXL MET MC MPWR NTGR NUAN ORLY OHI PAYC PTON QCOM  QNST RDN RYN RGLD SONO SAVE SU TBI TTMI TWLO TWO UGI WERN YUMC ZNGA

Thursday (Feb 6)

• Morning: ABMD WMS AGCO ALNY MT ARCH ARW BLL BCE BDX BGCP BV BCO BMY CAH CDW CI COR DNKN EIGI EL FCAU GLOP GLT HL  EAF HAIN ICE K KEM MAC MMS MPW MDP NRX NYT NGL NJR NOK ODFL PTEN PENN PM PBH PRLB REGN SPGI SNY SNA TPR TGI TWTR TSN USX VSTO WLTW WWE XYL YUM
• Afternoon: TWOU ATVI ASYS BIDU BHE BILL BKH BRKS CSL CCS COLM OFC DLX DXC EGP EGAN ENTA EHC EXPO FLT FSCT FTNT FTV FWRD G HUBG IQ LMAT LGND LFG.A MTW MTD MOBL MSI MYGN NOV NTUS UEPS NWSA NLOK OMCL ONTO PMT PINS POST PRO SGEN SIMO SKX SYNA TTWO TDC TSE UBER VRSN VVI VSAT VRTU VCRA WYNN ZEN

Friday (Feb 7) 

• Morning: ABBV AVTR CAE CCJ CBOE CNHI GOOS ROAD UFS FE GRC HMC

-=Hecla Mining (HL) reported earnings on Wed 7 Aug 2019 (b/o)

Hecla Mining misses by $0.02, misses on revs

Reports Q2 (Jun) loss of $0.07 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of ($0.05); revenues fell 8.9% year/year to $134.17 mln vs the $150.62 mln S&P Capital IQ Consensus.

"Our financial performance in the second quarter was impacted by several items, including lower by-product credits and the timing of lead shipments at Greens Creek, and higher depreciation expense, which more than offset the positive impact of higher grades at Greens Creek"

2019 Production Outlook

• Silver -- 11.7 Moz
• Gold -- 274 Koz

Hecla Mining (HL) to acquire Klondex Mines Ltd (KLDX) for $462 mln

• A leading low-cost U.S silver producer, with a significant portfolio in silver and an emerging force in the gold industry, has entered into an agreement to acquire a junior-mid tier silver and gold producer as it continues to expand its footprint.

     

** charts before  announcement **
** KLDX **

  

** HL **

** charts after announcement **

** KLDX **

  

** HL **

Hecla Mining to acquire three high-grade Nevada gold mines with the acquisition of Klondex Mines (KLDX)

• Under the Transaction, Hecla will acquire Klondex for consideration of $462 million with a mix of cash and shares of Hecla common stock and the newly formed company (Klondex Canada).
• Klondex's shareholders will receive $2.47 per share in cash or shares of Hecla, which represents a 59% premium to Klondex's 30-day volume-weighted average price, as at March 16, 2018, on the NYSE American.

Through the acquisition, Hecla will add the Fire Creek, Midas and Hollister mines to its already expansive gold and silver portfolio.

Hecla will also acquire seven large land positions in some of the safest and most prolific mining jurisdictions in the world.

The company will also generate a significant production base with highly prospective growth opportunities and cost reductions. The acquisition adds about 162,000 oz of annual gold equivalent production.

Upon completion of the transaction, Hecla will launch a significant exploration program at Fire Creek and at the prospective Hatter Graben discovery at Hollister.

=Hecla Mining (HL) reported earnings on Tue 8 Nov 2016 (b/o)

Hecla Mining beats by $0.01, beats on revs :

• Reports Q3 (Sep) earnings of $0.07 per share, $0.01 better than the Capital IQ Consensus of $0.06; revenues rose 70.9% year/year to $179.39 mln vs the $167.73 mln Capital IQ Consensus.
• Total silver production of 4.3 million ounces, up 67%; Gold production of 52,126 ounces, up 19%; Silver equivalent production of 10.3 million ounces, up 17%.
• Exploration and pre-development expenses were $3.9 million and $0.6 million, respectively, in the third quarter of 2016. This is a decrease of $1.7 million and $1.1 million, respectively, compared to the third quarter 2015 as a result of reduced discretionary spending in exploration and pre-development expenses. Full year exploration and pre-development expenses are expected to be about $19 million.
• The average realized silver price in the third quarter was $19.53 per ounce, 34% higher than the $14.54 price realized in the third quarter of 2015. The average realized gold price in the third quarter was $1,341 per ounce, 20% higher than the prior year period. Realized lead and zinc prices also increased by 10%, and 22%, respectively, from the third quarter of 2015.
• FY16 Guidance: For the full year 2016, the Company increased its production estimates at Greens Creek and Lucky Friday. It also lowered the cash cost, after by-product credits, per silver ounce, estimate at San Sebastian and increased the cash cost, after by-product credits, per gold ounce, estimate at Casa Berardi.
  • Co sees total silver production of 16.25 Moz (Prior 15.8), sees total gold production of 233k oz (Unchanged from prior)