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Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 7,303 calls trading, 5x expected, and implied vol increasing almost 2 points to 39.03%. 8/25 weekly 23 calls and Oct-23 23 calls are the most active options, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 0.06. Earnings are expected on November 2nd.

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