Bullish option flow detected in Alcoa with 16,756 calls trading, 1.7x expected, and implied vol increasing over 1 point to 52.55%. 3/3 weekly 52 calls and Jun-23 50 puts are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.49. Earnings are expected on April 19th.
Published first on TheFly
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