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Coterra Energy call volume above normal and directionally bullish

Bullish option flow detected in Coterra Energy with 1,343 calls trading, 1.2x expected, and implied vol increasing almost 11 points to 49.07%. Aug-24 26 calls and 7/26 weekly 26 calls are the most active options, with total volume in those strikes near 910 contracts. The Put/Call Ratio is 0.45. Earnings are expected on August 1st.

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