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Eli Lilly call volume above normal and directionally bullish

Bullish option flow detected in Eli Lilly (LLY) with 48,488 calls trading, 2x expected, and implied vol increasing over 3 points to 40.96%. 10/3 weekly 750 calls and 10/3 weekly 765 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.37. Earnings are expected on October 30th.

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