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Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 3,413 calls trading, 1.0x expected, and implied vol increasing over 1 point to 50.05%. 7/28 weekly 23.5 calls and Jan-24 20 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.44. Earnings are expected on July 27th.

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