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PayPal call volume above normal and directionally bullish

PayPal call volume above normal and directionally bullish

Bullish option flow detected in PayPal with 21,821 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 27.82%. 5/31 weekly 63 calls and 5/31 weekly 64 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.09. Earnings are expected on July 31st.

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