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PayPal call volume above normal and directionally bullish

Bullish option flow detected in PayPal with 22,420 calls trading, 1.1x expected, and implied vol increasing almost 2 points to 32.06%. Sep-24 75 calls and Sep-24 73 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.23. Earnings are expected on October 31st.

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