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Alibaba call volume above normal and directionally bullish
The Fly

Alibaba call volume above normal and directionally bullish

Bullish option flow detected in Alibaba with 58,274 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 48.43%. 10/4 weekly 110 calls and 10/4 weekly 115 calls are the most active options, with total volume in those strikes near 11,100 contracts. The Put/Call Ratio is 0.48. Earnings are expected on November 21st.

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