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ConocoPhillips call volume above normal and directionally bullish

Bullish option flow detected in ConocoPhillips with 4,868 calls trading, 1.0x expected, and implied vol increasing over 1 point to 24.73%. 8/23 weekly 117 calls and Aug-24 110 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.47. Earnings are expected on October 31st.

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