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Johnson & Johnson call volume above normal and directionally bullish

Bullish option flow detected in Johnson & Johnson (JNJ) with 14,400 calls trading, 2.0x expected, and implied vol increasing over 1 point to 18.12%. 7/3 weekly 155 calls and 7/11 weekly 155 puts are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.32. Earnings are expected on July 16th.

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