Bullish option flow detected in Patterson-UTI (PTEN) with 1,853 calls trading, 4x expected, and implied vol increasing over 2 points to 47.03%. May-25 9 calls and Jan-27 15 calls are the most active options, with total volume in those strikes near 960 contracts. The Put/Call Ratio is 0.19. Earnings are expected on February 5th.
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