Mixed options sentiment in First Majestic Silver with shares down 6.69%

Mixed options sentiment in First Majestic Silver (AG), with shares down $1.53 near $21.43. Options volume relatively light with 41k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.37. Implied volatility (IV30) dropped 0.05 near 86.74, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.17. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: First Majestic Silver (AG) will report earnings before the open on 2026-02-19.Option markets are pricing in a 50% probability of a move greater than 10.34% or $2.21.