Bearish flow noted in Silvergate Capital Corp with 8,296 puts trading, or 1.1x expected. Most active are Feb-23 9 puts and May-23 10 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 1.58, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.
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