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Confluent call volume above normal and directionally bullish

Bullish option flow detected in Confluent with 6,086 calls trading, 3x expected, and implied vol increasing almost 5 points to 76.98%. Aug-23 41 calls and Aug-23 40 calls are the most active options, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 0.14. Earnings are expected on August 2nd.

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