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Bank of America call volume above normal and directionally bullish

Bullish option flow detected in Bank of America (BAC) with 37,362 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 37.49%. 6/17 weekly 38 calls and 4/25 weekly 29.5 puts are the most active options, with total volume in those strikes near 22,100 contracts. The Put/Call Ratio is 0.40. Earnings are expected on July 16th.

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