Bearish flow noted in Silvergate Capital Corp with 11,551 puts trading, or 1.6x expected. Most active are Feb-23 12.5 puts and Dec-22 33.5 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 2 points on the day. Earnings are expected on January 17th.
Published first on TheFly
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