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Alcoa call volume above normal and directionally bullish

Bullish option flow detected in Alcoa (AA) with 21,014 calls trading, 6x expected, and implied vol increasing almost 2 points to 77.43%. Apr-26 63 calls and Jan-28 40 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.16. Earnings are expected on April 16th.

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