Some rich people think that Western Alliance's stock price will go down soon. They are betting on it by buying something called options, which give them the right to sell the stock at a certain price in the future. This is different from normal trading because they don't have to own the actual stock. They hope to make money if Western Alliance's stock price falls below the price they chose when they bought their options. Read from source...

1. The article title implies that the surge in options activity is only focused on Western Alliance and not other factors or companies that might be influencing the market sentiment. This is a narrow and misleading perspective that ignores the broader context of the options market.
2. The article claims that investors with a lot of money have taken a bearish stance on Western Alliance, but does not provide any evidence or reasoning for this assertion. It relies on vague terms like "bearish" and "somebody knows something is about to happen", which are subjective and speculative statements without any factual support.
3. The article presents the overall sentiment of big-money traders as 45% bullish and 54% bearish, but does not explain how this percentage breakdown was calculated or what it means for the future performance of Western Alliance's stock price. It also does not mention any other indicators or metrics that might help readers understand the significance of these figures.
4. The article focuses on the number and type of options trades (puts and calls) without providing any context or analysis of how they relate to each other, the underlying asset, or the market conditions. It does not explain why 10 puts and 1 call were spotted, or what these trading actions imply for the investors' expectations and strategies.
5. The article provides some data visualizations of volume and open interest trends, but they are incomplete and unclear. They do not show the actual values of these metrics, only ranges (e.g., from $40.0 to $59.0), which makes it hard for readers to grasp the magnitude or direction of the changes in liquidity and investor interest. The article also does not explain how these trends are relevant or useful for options traders or Western Alliance's stock price performance.
6. The article concludes with a brief description of Western Alliance as a company, but this information is outdated and irrelevant to the main topic of the article. It does not mention any recent developments or events that might have influenced the options activity or the market sentiment for Western Alliance.

The sentiment of the article appears to be bearish on Western Alliance. This conclusion is based on the following observations from the text: 1) The overall sentiment of the big-money traders is split between 45% bullish and 54%, bearish. 2) The majority of the options trades (10 out of 11) are puts, which indicate a bearish expectation of the stock price. 3) The significant investors seem to be aiming for a lower price territory ($40.0 to $59.0), suggesting they anticipate a decline in Western Alliance's share value.

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