Bullish option flow detected in Scorpio Tankers with 17,280 calls trading, 7x expected, and implied vol increasing over 1 point to 49.35%. Oct-23 50 calls and 8/4 weekly 47 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 2nd.
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Read More on STNG:
- Scorpio Tankers downgraded to Neutral from Buy at BofA
- Scorpio Tankers price target lowered to $71 from $77 at Stifel
- Scorpio Tankers announces purchase of shares in open market
- Scorpio Tankers Inc. Announces Repurchases of its Common Shares, and on August 2, 2023 the Company will Issue Second Quarter 2023 Results and have a Conference Call
- Scorpio Tankers price target lowered to $82 from $95 at JPMorgan
