Chegg call volume above normal and directionally bullish
The Fly

Chegg call volume above normal and directionally bullish

Bullish option flow detected in Chegg with 3,355 calls trading, 1.5x expected, and implied vol increasing over 1 point to 49.34%. Oct-23 12.5 calls and Jan-24 12.5 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.02. Earnings are expected on October 30th.

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