Bearish flow noted in First Majestic (AG) Silver with 11,288 puts trading, or 7x expected. Most active are Aug-25 6 puts and Aug-25 10 calls, with total volume in those strikes near 10,200 contracts. The Put/Call Ratio is 3.53, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 7th.
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