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First Majestic Silver call volume above normal and directionally bullish

Bullish option flow detected in First Majestic Silver with 11,517 calls trading, 3x expected, and implied vol increasing over 4 points to 63.30%. 4/5 weekly 6.5 puts and Oct-24 9 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 2nd.

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