Bearish flow noted in First Majestic Silver with 7,818 puts trading, or 5x expected. Most active are Jun-24 7 puts and Jul-24 7 calls, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 1.63, while ATM IV is up nearly 37 points on the day. Earnings are expected on August 1st.
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