Bearish flow noted in Silvergate Capital Corp with 11,232 puts trading, or 10x expected. Most active are Jan-23 17.5 puts and Nov-22 17.5 puts, with total volume in those strikes near 6,800 contracts. The Put/Call Ratio is 7.75, while ATM IV is up nearly 9 points on the day. Earnings are expected on January 17th.
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