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Biogen call volume above normal and directionally bullish

Biogen call volume above normal and directionally bullish

Bullish option flow detected in Biogen (BIIB) with 2,556 calls trading, 1.5x expected, and implied vol increasing over 1 point to 34.69%. Jan-26 110 calls and Jul-25 125 puts are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.39. Earnings are expected on April 23rd.

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