Bearish flow noted in Plains All American with 2,115 puts trading, or 3x expected. Most active are Jan-24 12 puts and Aug-23 12 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 3.80, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 8th.
Published first on TheFly
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