Bullish option flow detected in Cerence (CRNC) with 11,764 calls trading, 1.8x expected, and implied vol increasing almost 3 points to 130.41%. Feb-25 20 calls and Mar-25 11 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.29. Earnings are expected on February 6th.
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