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PG&E call volume above normal and directionally bullish

Bullish option flow detected in PG&E (PCG) with 43,361 calls trading, 1.1x expected, and implied vol increasing almost 5 points to 33.87%. Sep-26 19 calls and 5/22 weekly 16.5 calls are the most active options, with total volume in those strikes near 34,900 contracts. The Put/Call Ratio is 0.38. Earnings are expected on July 30th.

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