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Eli Lilly call volume above normal and directionally bullish

Bullish option flow detected in Eli Lilly with 32,747 calls trading, 7x expected, and implied vol increasing almost 2 points to 33.92%. Aug-24 900 calls and 8/9 weekly 900 calls are the most active options, with total volume in those strikes near 8,700 contracts. The Put/Call Ratio is 0.28. Earnings are expected on October 30th.

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