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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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