Bearish flow noted in PacWest Bancorp with 7,219 puts trading, or 5x expected. Most active are Nov-23 6 puts and 11/3 weekly 6 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 4.00, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 24th.
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