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Avadel Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Avadel Pharmaceuticals with 2,454 calls trading, 1.8x expected, and implied vol increasing over 3 points to 91.66%. Jan-25 17.5 calls and Nov-24 15 calls are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.08. Earnings are expected on November 6th.

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