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Lemonade call volume above normal and directionally bullish

Lemonade call volume above normal and directionally bullish

Bullish option flow detected in Lemonade with 2,701 calls trading, 1.4x expected, and implied vol increasing almost 8 points to 63.18%. Sep-24 20 calls and Oct-24 22 calls are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 30th.

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