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Exelixis call volume above normal and directionally bullish

Bullish option flow detected in Exelixis with 1,500 calls trading, 1.1x expected, and implied vol increasing almost 4 points to 49.50%. Oct-24 26 calls and Oct-24 25 calls are the most active options, with total volume in those strikes near 710 contracts. The Put/Call Ratio is 0.43. Earnings are expected on November 6th.

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