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Capital One call volume above normal and directionally bullish

Bullish option flow detected in Capital One (COF) with 5,973 calls trading, 1.8x expected, and implied vol increasing over 2 points to 36.16%. Dec-25 240 calls and Jan-26 240 calls are the most active options, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 0.21. Earnings are expected on January 20th.

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