Bullish option flow detected in Alcoa (AA) with 12,415 calls trading, 2x expected, and implied vol increasing over 2 points to 45.13%. Dec-25 49 calls and Dec-25 45 calls are the most active options, with total volume in those strikes near 8,700 contracts. The Put/Call Ratio is 0.21. Earnings are expected on January 21st.
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