Bullish option flow detected in Patterson-UTI with 1,248 calls trading, 1.8x expected, and implied vol increasing over 3 points to 54.86%. May-23 12 calls and Jun-23 11 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.11. Earnings are expected on July 26th.
Published first on TheFly
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