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Gap call volume above normal and directionally bullish
The Fly

Gap call volume above normal and directionally bullish

Bullish option flow detected in Gap with 14,793 calls trading, 3x expected, and implied vol increasing almost 2 points to 72.95%. 5/24 weekly 21.5 calls and 5/24 weekly 21 calls are the most active options, with total volume in those strikes near 8,100 contracts. The Put/Call Ratio is 0.22. Earnings are expected on May 30th.

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