Unusual Options Activity: First Majestic Silver (AG)

Unusual Options Activity: First Majestic Silver (AG)

Silver mining firm First Majestic Silver (AG) is up 12% over the past 12 months, slightly edging out the overall stock market. One trader sees shares trending higher over the coming weeks. That’s based on the May 2 $8 calls. With 31 days until expiration, 4,000 contracts traded compared to a prior open interest of 104, for a 38-fold rise in volume on the trade. The buyer of the calls paid $0.14 to make the bullish bet. First Majestic shares rece…