Bullish option flow detected in Plains All American with 6,166 calls trading, 4x expected, and implied vol increasing over 1 point to 28.78%. May-24 19 puts and Jan-26 20 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.44. Earnings are expected on May 3rd.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PAA:
- Plains All American assumed with an Outperform at Scotiabank
- Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First-Quarter 2024 Earnings
- Plains All American call volume above normal and directionally bullish
- Unusually active option classes on open April 1st
- Plains All American price target raised to $23 from $21 at Truist