Sphere Entertainment Co call volume above normal and directionally bullish

Bullish option flow detected in Sphere Entertainment Co with 6,197 calls trading, 3x expected, and implied vol increasing almost 6 points to 70.84%. Dec-23 37.5 calls and Nov-23 40 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.28. Earnings are expected on November 9th.

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