Bullish option flow detected in PacWest Bancorp with 12,003 calls trading, 1.0x expected, and implied vol increasing over 15 points to 125.75%. May-23 11 calls and 4/14 weekly 9 puts are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.51. Earnings are expected on April 25th.
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Published first on TheFly
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