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.

New Gold (NGD) reported earnings on Thur 13 Feb 20 (b/o)

• New Gold (TSX: NYSE American: NGD) was acquired by Coeur Mining, Inc. (NYSE, TSX: CDE). (finalized  March 2026)

** charts after earnings **

 

New Gold Reports Fourth Quarter and Annual Results Provides 2020 Annual Operational Outlook
Fourth Quarter and Annual Highlights

• Total production (excluding production from the Cerro San Pedro Mine) for the quarter was 101,423 gold equivalent (gold eq.) ounces (66,856 ounces of gold, 140,475 ounces of silver and 18.3 million pounds of copper). For the year, production was 486,141 gold eq. ounces (322,557 ounces of gold, 596,452 ounces of silver and 79.4 million pounds of copper) achieving annual guidance of 465,000 to 520,000 gold eq. ounces.
• Revenues for the quarter were $139 million and $631 million for the year.
• Operating expense for the quarter was $1,007 per gold eq. ounce and $762 per gold eq. ounce for the year.
• Total cash costs1,2 for the quarter were $942 per gold eq. ounce and $792 per gold eq. ounce for the year, achieving guidance of $740 to $820 per gold eq. ounce.
• All-in sustaining costs (AISC)1,2 for the quarter were $1,862 per gold eq. ounce and $1,310 per gold eq. ounce for the year, below guidance of $1,330 to $1,430 per gold eq. ounce due to lower sustaining capital spend.
• Net earnings from continuing operations for the quarter was $0.3 million ($0.00 per share) with a net loss for the year of $74 million ($0.12 per share).
• Adjusted net loss2 from continuing operations for the quarter was $28 million ($0.04 per share) and $47 million ($0.08 per share) for the year.
• Operating cash flow generated from continuing operations for the quarter was $48 million ($0.07 per share) and $264 million ($0.43 per share) for the year. Operating cash flow generated from continuing operations for the quarter, before non-cash changes in working capital2, was $39 million ($0.06 per share) and $238 million ($0.39 per share) for the year.
• As of the end of the quarter, the Company had available liquidity of approximately $335 million, including $83 million in cash and cash equivalents.
• On February 13, 2020, the Company released results of the updated Life of Mine plans for the Rainy River Mine (Rainy River) and the New Afton Mines (New Afton).

=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."