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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa with 5,516 calls trading, 1.2x expected, and implied vol increasing over 1 point to 50.58%. Oct-23 35 calls and 9/22 weekly 30 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.25. Earnings are expected on October 18th.

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