Bearish flow noted in Plains All American with 2,451 puts trading, or 4x expected. Most active are Jan-24 12 puts and Feb-23 12 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 5.42, while ATM IV is up over 2 points on the day. Earnings are expected on February 8th.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PAA:
- Plains All American put volume heavy and directionally bearish
- Plains All American Announces Sale of Minority Ownership Interest in Keyera Fort Saskatchewan Joint Venture
- Plains All American to sell 21% interest in KFS facility for $270M
- Plains All American initiated with a Buy at Citi
- Unusually active option classes on open December 6th
