Coeur Mining Surges 6.6% on Bullish Technicals and Volatile Options Activity

Summary
• Coeur Mining (CDE) rockets 6.59% intraday to $26.21, breaching its 52-week high of $27.77
• Turnover surges to 15.06 million shares, outpacing its 2.38% turnover rate average
• MACD (0.85) and RSI (63.93) signal strong short-term momentum

Coeur Mining’s explosive 6.6% rally has ignited market attention, with technical indicators and options activity painting a vivid picture of aggressive bullish positioning. The stock’s surge to $26.21—a near 6.6% jump from its $24.59 close—has traders scrambling to decode the catalyst behind this sharp reversal from its 200-day moving average of $15.09.

Technical Bullishness Fuels CDE’s Sharp Reversal
Coeur Mining’s 6.6% intraday surge is driven by a confluence of technical factors. The stock has pierced above its 30-day moving average ($22.90) and 100-day line ($19.18), with RSI (63.93) and MACD (0.85) confirming a short-term bullish breakout. Bollinger Bands show the price at 20.1% above the middle band, indicating overbought conditions. The 26.23 intraday high—a mere $0.02 below the 52-week peak—has triggered algorithmic buying and speculative positioning, particularly in leveraged options contracts.

High-Leverage Options and ETFs for a Volatile Bullish Play
• 200-day average: $15.09 (far below current price)
• RSI: 63.93 (bullish momentum)
• MACD: 0.85 (positive divergence)
• Bollinger Bands: Price at 20.1% above middle band

Coeur Mining’s technicals suggest a continuation of its bullish breakout, with key resistance at $26.23 (intraday high) and support at $24.57 (30D support). The CDE20260306C24 and CDE20260306C24.5 call options stand out for aggressive traders. The CDE20260306C24 (delta: 0.91, IV: 44.01%, leverage: 11.17%) offers a 5% upside payoff of $1.31 per contract if CDE hits $27.52. The CDE20260306C24.5 (delta: 0.745, IV: 74.14%, leverage: 11.56%) provides a $1.31 payoff under the same scenario. Both contracts have high turnover (5,489 and 6,856) and gamma (0.089, 0.105), making them responsive to price swings. Aggressive bulls may consider CDE20260306C24 into a test of $26.23.

Backtest Coeur Mining Stock Performance
The performance of CDE after a 7% intraday increase from 2022 to now has shown positive returns, with the 3-Day win rate at 53.59%, the 10-Day win rate at 56.70%, and the 30-Day win rate at 59.42%. The maximum return during the backtest period was 14.30%, indicating that CDE has the potential for significant gains following an intraday surge.

Act Now: CDE’s Bullish Setup Demands Immediate Positioning
Coeur Mining’s 6.6% surge is underpinned by a textbook technical breakout, with RSI and MACD confirming momentum. The stock’s proximity to its 52-week high and the aggressive options activity—particularly in the C24 and C24.5 calls—signal a high-conviction bullish trade. While the sector leader Gold.com (GOLD) lagged with a 0.32% rise, CDE’s independent strength highlights its speculative potential. Traders should monitor the $26.23 level: a break above confirms a short-term rally, while a pullback to $24.57 could reignite buying. Aggressive bulls may consider CDE20260306C24 into a test of $26.23.