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Tenet call volume above normal and directionally bullish

Bullish option flow detected in Tenet with 1,328 calls trading, 1.3x expected, and implied vol increasing over 1 point to 29.74%. Jan-25 125 calls and May-24 120 puts are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.41. Earnings are expected on July 29th.

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