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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 14,368 calls trading, 2x expected, and implied vol increasing over 1 point to 50.52%. 8/8 weekly 31 calls and Aug-25 32 calls are the most active options, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 0.27. Earnings are expected on October 22nd.

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