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Kenvue Inc call volume above normal and directionally bullish

Bullish option flow detected in Kenvue Inc with 21,185 calls trading, 6x expected, and implied vol increasing over 1 point to 24.28%. May-24 23 calls and Aug-24 22 calls are the most active options, with total volume in those strikes near 16,300 contracts. The Put/Call Ratio is 0.02. Earnings are expected on May 2nd.

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