International Paper call volume above normal and directionally bullish

Bullish option flow detected in International Paper with 16,526 calls trading, 4x expected, and implied vol increasing over 9 points to 35.29%. Oct-24 45 calls and Jun-24 35 puts are the most active options, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 0.38. Earnings are expected on July 25th.

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