Bullish option flow detected in Plains All American with 6,166 calls trading, 4x expected, and implied vol increasing over 1 point to 28.78%. May-24 19 puts and Jan-26 20 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.44. Earnings are expected on May 3rd.
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Read More on PAA:
- Plains All American assumed with an Outperform at Scotiabank
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- 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
