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Dropbox call volume above normal and directionally bullish

Bullish option flow detected in Dropbox with 1,537 calls trading, 3x expected, and implied vol increasing almost 2 points to 26.52%. Oct-24 23 calls and 6/28 weekly 22 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.24. Earnings are expected on August 8th.

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