Shell PLC call volume above normal and directionally bullish

Bullish option flow detected in Shell PLC with 7,202 calls trading, 4x expected, and implied vol increasing almost 3 points to 19.49%. Jul-24 70 calls and May-24 70 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.03. Earnings are expected on May 2nd.

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