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Gitlab call volume above normal and directionally bullish
The Fly

Gitlab call volume above normal and directionally bullish

Bullish option flow detected in Gitlab with 2,601 calls trading, 1.4x expected, and implied vol increasing over 3 points to 77.50%. 6/7 weekly 59 calls and 6/7 weekly 53 puts are the most active options, with total volume in those strikes near 820 contracts. The Put/Call Ratio is 0.45. Earnings are expected on June 3rd.

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