Bearish flow noted in PacWest Bancorp with 2,503 puts trading, or 1.7x expected. Most active are 11/3 weekly 3.5 puts and 11/3 weekly 5 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 5.24, while ATM IV is up nearly 10 points on the day. Earnings are expected on February 1st.
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Read More on PACW:
- PacWest Bancorp put volume heavy and directionally bearish
- PacWest Bancorp Announces Results for the Third Quarter 2023
- PacWest Bancorp reports Q3 adjusted EPS (31c), consensus 6c
- PACW Earnings this Week: How Will it Perform?
- PacWest Bancorp, Banc of California receive final regulatory approval for merger
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