Bullish option flow detected in LyondellBasell (LYB) with 2,113 calls trading, 1.5x expected, and implied vol increasing over 4 points to 51.55%. Sep-25 80 calls and Sep-25 60 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.39. Earnings are expected on April 25th.
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Read More on LYB:
- LyondellBasell put volume heavy and directionally bearish
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- LyondellBasell price target lowered to $70 from $85 at Wells Fargo
- LyondellBasell downgraded to Sector Perform from Outperform at RBC Capital
- LyondellBasell price target lowered to $67 from $84 at Piper Sandler
