3/9/2023-Unusual Options Activity In SBNY

$SBNY – Bearish flow noted in Signature Bank (97.75 -5.60) with 7,017 puts trading, or 10x expected. The Put/Call Ratio is 4.28, while ATM IV is up nearly 14 points on the day. Earnings are expected on 04/17. The MAR 17th 75.00 Puts are active.