Mixed options sentiment in First Majestic Silver with shares down 1.67%

Mixed options sentiment in First Majestic Silver (AG), with shares down 54c near $31.48. Options volume roughly in line with average with 66k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 1.8 points near 89.6, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.78. Put-call skew steepened, indicating increased demand for downside protection.