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ConocoPhillips call volume above normal and directionally bullish

Bullish option flow detected in ConocoPhillips (COP) with 17,196 calls trading, 2x expected, and implied vol increasing over 1 point to 33.89%. May-25 110 calls and Jun-25 110 calls are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.19. Earnings are expected on May 1st.

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