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Enovix call volume above normal and directionally bullish

Bullish option flow detected in Enovix with 6,664 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 80.89%. 1/12 weekly 13 calls and Jan-24 11.5 calls are the most active options, with total volume in those strikes near 2,800 contracts. The Put/Call Ratio is 0.22. Earnings are expected on February 28th.

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