Mixed options sentiment in First Majestic Silver with shares up 8.12%

Mixed options sentiment in First Majestic Silver (AG), with shares up $1.78, or 8.12%, near $23.77. Options volume relatively light with 71k contracts traded and calls leading puts for a put/call ratio of 0.44, compared to a typical level near 0.38. Implied volatility (IV30) dropped 1.51 near 92.78, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.39. 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 9.01% or $2.14.