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Alaska Air call volume above normal and directionally bullish

Bullish option flow detected in Alaska Air (ALK) with 12,632 calls trading, 2x expected, and implied vol increasing over 3 points to 44.32%. Feb-25 72.5 calls and Feb-25 70 calls are the most active options, with total volume in those strikes near 9,300 contracts. The Put/Call Ratio is 0.26. Earnings are expected on January 23rd.

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