Bullish option flow detected in Patterson-UTI with 3,335 calls trading, 8x expected, and implied vol increasing over 1 point to 43.94%. May-24 14 calls and Jan-25 12 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.04. Earnings are expected on May 1st.
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