Mixed options sentiment in First Majestic Silver with shares up 3.61%

Mixed options sentiment in First Majestic Silver (AG), with shares up 72c, or 3.61%, near $20.80. Options volume relatively light with 26k contracts traded and calls leading puts for a put/call ratio of 0.84, compared to a typical level near 0.41. Implied volatility (IV30) dropped 0.14 near 78.97,and above the 52wk median, suggesting an expected daily move of $1.03. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: First Majestic Silver (AG) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.