Bullish option flow detected in Alcoa with 17,012 calls trading, 3x expected, and implied vol increasing almost 2 points to 46.64%. 5/24 weekly 45.5 calls and 5/24 weekly 44 calls are the most active options, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 0.29. Earnings are expected on July 17th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AA:
- Alcoa call volume above normal and directionally bullish
- Alcoa’s Pending Deal Faces Regulatory Hurdles: Antitrust and Court Approvals in Limbo
- Alcoa put volume heavy and directionally bearish
- XME ETF: Time to Check Out Metals and Mining Stocks?
- Cisco downgraded, Lucid resumed: Wall Street’s top analyst calls