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Annaly Capital call volume above normal and directionally bullish

Bullish option flow detected in Annaly Capital (NLY) with 18,239 calls trading, 6x expected, and implied vol increasing over 2 points to 23.54%. Aug-25 21 calls and 8/22 weekly 21 calls are the most active options, with total volume in those strikes near 17,600 contracts. The Put/Call Ratio is 0.01. Earnings are expected on October 29th.

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