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Coherent call volume above normal and directionally bullish
The Fly

Coherent call volume above normal and directionally bullish

Bullish option flow detected in Coherent with 1,303 calls trading, 1.1x expected, and implied vol increasing almost 6 points to 52.94%. Nov-23 45 calls and Jun-24 40 calls are the most active options, with total volume in those strikes near 860 contracts. The Put/Call Ratio is 0.34. Earnings are expected on November 8th.

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