Bullish option flow detected in Ringcentral with 2,235 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 70.54%. 5/12 weekly 28 calls and May-23 30 puts are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 9th.
Published first on TheFly
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