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Permian Resources call volume above normal and directionally bullish
The Fly

Permian Resources call volume above normal and directionally bullish

Bullish option flow detected in Permian Resources with 5,608 calls trading, 3x expected, and implied vol increasing over 1 point to 47.75%. Apr-24 20 calls and Jan-24 17 calls are the most active options, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 0.15. Earnings are expected on November 7th.

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