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Delta Air Lines call volume above normal and directionally bullish

Bullish option flow detected in Delta Air Lines with 36,117 calls trading, 3x expected, and implied vol increasing over 3 points to 36.24%. Dec-23 35 calls and 10/27 weekly 36 calls are the most active options, with total volume in those strikes near 18,100 contracts. The Put/Call Ratio is 0.37. Earnings are expected on January 12th.

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