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Estee Lauder call volume above normal and directionally bullish

Bullish option flow detected in Estee Lauder (EL) with 9,818 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 44.67%. Nov-24 66 calls and Nov-24 65 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.17. Earnings are expected on February 4th.

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