Bearish flow noted in PacWest Bancorp with 8,135 puts trading, or 5x expected. Most active are Nov-23 6 puts and 10/27 weekly 6.5 puts, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 4.98, while ATM IV is up over 18 points on the day. Earnings are expected on October 24th.
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