Moderately bullish activity in First Majestic Silver with shares up 1.01%

Moderately bullish activity in First Majestic Silver (AG), with shares up 12c, or 1.01%, near $11.53. Options volume roughly in line with average with 53k contracts traded and calls leading puts for a put/call ratio of 0.1, compared to a typical level near 0.16. Implied volatility (IV30) is higher by 0.9 points near 70.61, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.51. Put-call skew steepened, indicating increased demand for downside protection.