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Organon and Co call volume above normal and directionally bullish

Bullish option flow detected in Organon (OGN) and Co with 4,595 calls trading, 3x expected, and implied vol increasing almost 3 points to 63.01%. Jan-26 12.5 calls and Oct-25 10 calls are the most active options, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 0.05. Earnings are expected on August 7th.

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