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Phillips 66 call volume above normal and directionally bullish

Bullish option flow detected in Phillips 66 with 4,966 calls trading, 4x expected, and implied vol increasing over 1 point to 27.80%. Jul-24 165 calls and Apr-24 165 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.19. Earnings are expected on April 26th.

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