North American Palladium Inc. (PAL) opened at 7.45. So far today, the stock has hit a low of 7.15 and a high of 7.63. PAL is now trading at 7.77, up 1.01 (13.56%). The stock hit its 52 week high of 12.36 in May and set its 52 week low of 3.28 in January. PAL dropped for most of the past year, but has been stronger for the past few months. North American Palladium shares have been soaring today on news that palladium rose over $475 an ounce, up about $25 or 5.5% on the day. Technical indicators for the stock are bullish and steady. If you're looking for a hedged trade on this stock, consider a June covered call at the $7.50 level. This stock could fall by 17.7% before this position would start to lose money. [RHF - Seven Summits Strategic Investments NewsBite]