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Weight Watchers call volume above normal and directionally bullish

Bullish option flow detected in Weight Watchers with 4,740 calls trading, 2.0x expected, and implied vol increasing almost 5 points to 105.84%. Jan-24 7.5 calls and 1/5 weekly 8 calls are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.01. Earnings are expected on March 7th.

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