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Avadel Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Avadel Pharmaceuticals with 1,951 calls trading, 2x expected, and implied vol increasing over 4 points to 93.02%. Oct-24 10 puts and Oct-24 17.5 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.48. Earnings are expected on November 6th.

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