Bullish option flow detected in British American Tobacco (BTI) with 14,684 calls trading, 3x expected, and implied vol increasing almost 3 points to 28.03%. Aug-25 48 calls and Jul-25 50 puts are the most active options, with total volume in those strikes near 9,700 contracts. The Put/Call Ratio is 0.34. Earnings are expected on July 31st.
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