Silvergate Capital (SI) is a crypto-friendly bank that is down over 60% in a week (at the time of this writing). The regional bank is getting hit hard after admitting the company has concerns about its operational viability after the collapse of the crypto market in recent months.
Several short-term options block trades suggest that the stock could be in for more punishment in the near future.
— Jay Soloff
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Source: Investors Alley