Bullish option flow detected in Alibaba with 41,714 calls trading, 1.3x expected, and implied vol increasing over 1 point to 28.68%. 6/28 weekly 77 calls and 6/28 weekly 76 calls are the most active options, with total volume in those strikes near 7,800 contracts. The Put/Call Ratio is 0.23. Earnings are expected on August 8th.
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