Bullish flow in First Majestic Silver with shares up 8.02%

Bullish flow in First Majestic Silver (AG), with shares up $1.62, or 8.02%, near $21.88. Options volume relatively light with 33k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 2.6 points near 97.79, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.35. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: First Majestic Silver (AG) will report earnings before the open on 2026-02-19.Option markets are pricing in a 50% probability of a move greater than 9.44% or $2.06.