Bullish option flow detected in PacWest Bancorp with 15,359 calls trading, 5x expected, and implied vol increasing almost 8 points to 110.43%. 4/28 weekly 11.5 calls and 4/28 weekly 12 calls are the most active options, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 0.14. Earnings are expected on April 25th.
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Published first on TheFly
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