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Shell PLC call volume above normal and directionally bullish

Bullish option flow detected in Shell (SHEL) PLC with 7,799 calls trading, 1.6x expected, and implied vol increasing over 1 point to 18.98%. Jan-26 100 calls and Sep-25 75 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.32. Earnings are expected on July 31st.

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