Coherent call volume above normal and directionally bullish

Bullish option flow detected in Coherent (COHR) with 3,542 calls trading, 1.1x expected, and implied vol increasing over 1 point to 63.01%. 4/4 weekly 75 calls and May-25 110 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.31. Earnings are expected on May 6th.

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