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Benzinga
Benzinga
Business
Craig Jones

Tony Zhang Identifies Unusual Trading Activity In Hycroft Mining Holding On AMC News

Tony Zhang AMC HYMC

Shares of Hycroft Mining Holding Corporation (NASDAQ:HYMC) Wednesday plummeted almost 10% to close trading at $1.37.

On CNBC's "Options Action," Tony Zhang said the average daily volume for this stock remained below 100 contracts before March 8. “But over the past few days, we started to see 5,000, 10,000 and even over 30,000 contracts traded of the March $2.50 call options,” he mentioned.

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