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Biogen call volume above normal and directionally bullish

Biogen call volume above normal and directionally bullish

Bullish option flow detected in Biogen (BIIB) with 2,540 calls trading, 1.1x expected, and implied vol increasing over 2 points to 35.32%. Jan-26 110 calls and Apr-25 155 puts are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.21. Earnings are expected on April 23rd.

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