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Weight Watchers call volume above normal and directionally bullish

Weight Watchers call volume above normal and directionally bullish

Bullish option flow detected in Weight Watchers with 9,332 calls trading, 1.6x expected, and implied vol increasing almost 2 points to 96.57%. Jan-24 12.5 calls and 9/22 weekly 10 calls are the most active options, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 0.24. Earnings are expected on November 2nd.

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