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Johnson & Johnson call volume above normal and directionally bullish

Bullish option flow detected in Johnson & Johnson (JNJ) with 12,527 calls trading, 1.7x expected, and implied vol increasing over 1 point to 18.96%. Jun-25 157.5 calls and Jul-25 160 calls are the most active options, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 0.26. Earnings are expected on July 16th.

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