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Alcoa call volume above normal and directionally bullish

Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 26,241 calls trading, 3x expected, and implied vol increasing almost 5 points to 49.60%. Jan-25 50 calls and Jan-25 36.5 puts are the most active options, with total volume in those strikes near 20,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on January 22nd.

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