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Shell PLC call volume above normal and directionally bullish

Bullish option flow detected in Shell PLC with 3,551 calls trading, 1.7x expected, and implied vol increasing over 2 points to 39.03%. Jul-23 57.5 calls and Mar-23 53 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.58. Earnings are expected on May 4th.

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