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
See Insiders’ Hot Stocks on TipRanks >>
Read More on SI:
- Midterm Elections 2022: Here Are 2 Crypto Stocks to Consider if Republicans Win the House
- Silvergate Capital downgraded to Neutral from Buy at Goldman Sachs
- Here’s What You Missed in Crypto This Week
- Silvergate Capital price target lowered to $100 from $160 at Craig-Hallum
- Silvergate Capital price target lowered to $150 from $200