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Endeavour Silver put volume heavy and directionally bearish

Bearish flow noted in Endeavour Silver (EXK) with 5,116 puts trading, or 5x expected. Most active are Jan-26 5.5 puts and Dec-25 10 calls, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 2.36, while ATM IV is up over 3 points on the day. Earnings are expected on November 7th.

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