Alcoa (AA) call put ratio 1 call to 2.2 puts with a focus on September 4 weekly 40 puts

Alcoa (NYSE: AA) 30-day option implied volatility is at 49; compared to its 52-week range of 43 to 78. Call put ratio 1 call to 2.2 puts with a focus on September 4 weekly 40 puts.

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