Papa John’s call volume above normal and directionally bullish
The Fly

Papa John’s call volume above normal and directionally bullish

Bullish option flow detected in Papa John’s with 8,385 calls trading, 3x expected, and implied vol increasing over 3 points to 40.26%. Jul-24 52.5 calls and Jul-24 47.5 puts are the most active options, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 0.24. Earnings are expected on August 8th.

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