Bearish flow noted in Pan American Silver (PAAS) with 2,802 puts trading, or 3x expected. Most active are Jan-26 30 puts and Jan-26 32 puts, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.33, while ATM IV is up over 1 point on the day. Earnings are expected on November 12th.
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