Options traders and analysts lean bullish toward CDE
Gold prices are rebounding alongside the broader market from a tech-induced selloff, as investors assess U.S. President Donald Trump's proposed tariff plans. Coeur Mining Inc (NYSE:CDE) was last seen up 2.9% to trade at $6.20, bouncing off support at the $6 level, though a break above $6.50 remains elusive. While CDE has also struggled with overhead pressure at its 80-day moving average since mid-December, it still carries a 109.8% year-over-year lead.
Analysts are optimistic, with five of six in coverage calling the stock a "buy" or better. Meanwhile, short interest rose 7.1% over the last two reporting periods, and now makes up 9.2% of the security's available float. It would take these shorts more than three days to buy back their bearish bets, at the equity's average pace of trading.
Options traders lean bullish, per the security's 50-day call/put volume ratio of 13.92 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits in the 81st percentile of its annual range.
What's more, options are reasonably priced at the moment. This is per Coeur Mining stock's Schaeffer's Volatility Index (SVI) of 63%, which sits in the 23rd percentile of its annual range.