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Tower Semiconductor call volume above normal and directionally bullish

Bullish option flow detected in Tower Semiconductor (TSEM) with 9,512 calls trading, 3x expected, and implied vol increasing over 4 points to 36.98%. Dec-24 50 calls and Dec-24 49 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.03. Earnings are expected on February 13th.

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