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Johnson Controls call volume above normal and directionally bullish

Johnson Controls call volume above normal and directionally bullish

Bullish option flow detected in Johnson Controls with 9,377 calls trading, 4x expected, and implied vol increasing over 1 point to 20.16%. May-24 67.5 calls and Jun-24 72.5 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.09. Earnings are expected on August 1st.

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