Bullish option flow detected in Scorpio Tankers with 3,221 calls trading, 1.1x expected, and implied vol increasing over 1 point to 27.53%. Sep-24 90 calls and 6/14 weekly 78 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.22. Earnings are expected on July 31st.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STNG:
- Scorpio Tankers Inc. Announces Agreements to Sell Five MR Product Tankers
- Scorpio Tankers Announces Key Shareholder Decisions
- Scorpio Tankers Stock (NYSE:STNG): Upside Still Likely after Q1 Win
- Scorpio Tankers Accelerates Debt Repayment Plan
- Scorpio Tankers Inc. Announces Agreement for a $223.6 Million Prepayment under its 2023 $1.0 Billion Credit Facility