Silvergate Capital Corp put volume heavy and directionally bearish
The Fly

Silvergate Capital Corp put volume heavy and directionally bearish

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.

Published first on TheFly

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