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Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 7,118 calls trading, 1.3x expected, and implied vol increasing over 1 point to 39.95%. Aug-24 24 calls and 7/26 weekly 19.5 puts are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.50. Earnings are expected on August 1st.

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