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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 4,025 calls trading, 1.5x expected, and implied vol increasing over 1 point to 51.09%. Jan-25 50 calls and 1/31 weekly 41 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.06. Earnings are expected on January 22nd.

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