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Gitlab call volume above normal and directionally bullish

Bullish option flow detected in Gitlab with 5,145 calls trading, 1.5x expected, and implied vol increasing over 1 point to 74.39%. Apr-23 50 calls and Apr-23 45 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on June 5th.

Published first on TheFly

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