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Option Update: Alcoa calls active on Flat volatility

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Alcoa (NYSE:AA) is recently down 27c to $34.50. AA call option volume of 8,138 contracts compares to put volume of 735 contracts. AA May option implied volatility of 40 is near its 26-week average according to Track Data, suggesting non-directional risk.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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Last updated: November 14, 2009: 02:19 PM

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