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Weight Watchers call volume above normal and directionally bullish

Bullish option flow detected in Weight Watchers with 8,486 calls trading, 1.0x expected, and implied vol increasing almost 2 points to 96.20%. Jan-24 15 calls and Jan-24 12.5 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.28. Earnings are expected on November 2nd.

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