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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 6,178 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 55.28%. Jun-25 30 calls and Jun-25 31 calls are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.63. Earnings are expected on July 16th.

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