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Pan American Silver call volume above normal and directionally bullish

Bullish option flow detected in Pan American Silver (PAAS) with 16,165 calls trading, 2x expected, and implied vol increasing almost 3 points to 40.80%. Jan-26 40 calls and Aug-25 30 calls are the most active options, with total volume in those strikes near 7,700 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 6th.

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