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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 3,658 calls trading, 1.0x expected, and implied vol increasing over 1 point to 53.03%. Jan-26 40 calls and Jan-26 55 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.23. Earnings are expected on April 23rd.

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