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Western Alliance call volume above normal and directionally bullish

Bullish option flow detected in Western Alliance with 6,050 calls trading, 3x expected, and implied vol increasing over 2 points to 42.29%. Dec-23 52.5 calls and Dec-23 45 puts are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.29. Earnings are expected on January 23rd.

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