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Endeavour Silver put volume heavy and directionally bearish

Bearish flow noted in Endeavour Silver (EXK) with 5,126 puts trading, or 17x expected. Most active are Feb-26 7.5 puts and Feb-26 7.5 calls, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 4.17, while ATM IV is up over 2 points on the day. Earnings are expected on February 27th.

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