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Pan American Silver call volume above normal and directionally bullish

Bullish option flow detected in Pan American Silver (PAAS) with 4,358 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 42.81%. Sep-25 30 calls and Mar-26 24 puts are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.55. Earnings are expected on August 6th.

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