Bullish option flow detected in Patterson-UTI with 3,292 calls trading, 10x expected, and implied vol increasing over 11 points to 53.89%. Feb-24 16 calls and Jan-24 15 calls are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.10. Earnings are expected on November 7th.
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