Pioneer Natural call volume above normal and directionally bullish

Bullish option flow detected in Pioneer Natural with 15,978 calls trading, 4x expected, and implied vol increasing almost 2 points to 25.14%. 10/13 weekly 250 calls and Oct-23 255 calls are the most active options, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 0.21. Earnings are expected on October 26th.

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