Pre-earnings options volume in Patterson-UTI is normal with puts leading calls 10:9. Implied volatility suggests the market is anticipating a move near 5.6%, or 58c, after results are released. Median move over the past eight quarters is 3.5%.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PTEN: