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Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy (BTU) with 11,660 calls trading, 1.1x expected, and implied vol increasing almost 10 points to 56.55%. 3/28 weekly 15.5 calls and Jan-26 15 calls are the most active options, with total volume in those strikes near 5,600 contracts. The Put/Call Ratio is 0.20. Earnings are expected on May 1st.

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