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Aurinia Pharmaceuticals call volume above normal and directionally bullish

Aurinia Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Aurinia Pharmaceuticals with 6,424 calls trading, 1.8x expected, and implied vol increasing almost 3 points to 121.30%. May-23 12 calls and Jul-23 14 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.03. Earnings are expected on May 9th.

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