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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 42,401 calls trading, 1.2x expected, and implied vol increasing over 1 point to 28.69%. Sep-24 65 puts and 8/23 weekly 73 calls are the most active options, with total volume in those strikes near 12,000 contracts. The Put/Call Ratio is 0.60. Earnings are expected on October 31st.

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