Bullish option flow detected in Plains All American with 7,509 calls trading, 3x expected, and implied vol increasing over 4 points to 22.80%. Jan-25 20 calls and Jan-25 22 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.02. Earnings are expected on May 3rd.
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Read More on PAA:
- Plains All American call volume above normal and directionally bullish
- Unusually active option classes on open April 1st
- Plains All American price target raised to $23 from $21 at Truist
- Plains All American management to meet with Seaport Research
- Plains All American price target raised to $17.50 from $16.50 at Citi
