Bearish flow noted in PacWest Bancorp with 1,465 puts trading, or 1.6x expected. Most active are Dec-23 6 puts and Dec-23 8 puts, with total volume in those strikes near 990 contracts. The Put/Call Ratio is 4.55, while ATM IV is up over 2 points on the day. Earnings are expected on October 24th.
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