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Shell PLC call volume above normal and directionally bullish

Bullish option flow detected in Shell (SHEL) PLC with 12,162 calls trading, 2x expected, and implied vol increasing almost 2 points to 23.19%. Jan-26 73 calls and Jun-26 85 calls are the most active options, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 0.22. Earnings are expected on February 5th.

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