Bearish flow noted in Silvergate Capital Corp with 11,374 puts trading, or 1.6x expected. Most active are Dec-22 20 puts and Dec-22 17.5 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 4.56, while ATM IV is up over 9 points on the day. Earnings are expected on January 17th.
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Published first on TheFly
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