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Dropbox call volume above normal and directionally bullish

Bullish option flow detected in Dropbox with 1,783 calls trading, 1.5x expected, and implied vol increasing over 1 point to 26.70%. Oct-24 18 calls and Jul-24 24 calls are the most active options, with total volume in those strikes near 570 contracts. The Put/Call Ratio is 0.28. Earnings are expected on August 8th.

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