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Amgen call volume above normal and directionally bullish

Bullish option flow detected in Amgen (AMGN) with 7,806 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 22.95%. Dec-25 300 calls and Dec-25 320 puts are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.28. Earnings are expected on February 3rd.

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