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Futu Holdings call volume above normal and directionally bullish

Bullish option flow detected in Futu Holdings with 2,611 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 49.58%. 8/2 weekly 68 calls and Aug-24 60 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 22nd.

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