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Moderna call volume above normal and directionally bullish

Bullish option flow detected in Moderna (MRNA) with 76,253 calls trading, 1.4x expected, and implied vol increasing almost 8 points to 77.82%. Feb-25 35 calls and Feb-25 34 calls are the most active options, with total volume in those strikes near 13,200 contracts. The Put/Call Ratio is 0.31. Earnings are expected on May 1st.

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