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International Paper call volume above normal and directionally bullish

Bullish option flow detected in International Paper with 4,934 calls trading, 1.9x expected, and implied vol increasing over 4 points to 37.52%. Oct-24 42.5 calls and May-24 42 calls are the most active options, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 0.21. Earnings are expected on July 25th.

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