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Northern Trust call volume above normal and directionally bullish

Bullish option flow detected in Northern Trust (NTRS) with 9,439 calls trading, 3x expected, and implied vol increasing over 7 points to 32.41%. Jul-25 135 calls and Jul-25 130 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.07. Earnings are expected on July 23rd.

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