Bearish flow noted in Silvergate Capital Corp with 27,177 puts trading, or 1.5x expected. Most active are 12/2 weekly 25 puts and 12/2 weekly 25.5 puts, with total volume in those strikes near 5,200 contracts. The Put/Call Ratio is 4.09, while ATM IV is up nearly 10 points on the day. Earnings are expected on January 17th.
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