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First Majestic Silver call volume above normal and directionally bullish

Bullish option flow detected in First Majestic Silver with 16,094 calls trading, 3x expected, and implied vol increasing over 1 point to 48.98%. Jul-23 7 calls and 7/14 weekly 6 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.21. Earnings are expected on August 3rd.

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