Bearish flow noted in PacWest Bancorp with 5,001 puts trading, or 3x expected. Most active are Jun-24 8 puts and Nov-23 8 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 6.68, while ATM IV is up over 2 points on the day. Earnings are expected on February 1st.
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