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Snap Inc. call volume above normal and directionally bullish
The Fly

Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 58,523 calls trading, 2x expected, and implied vol increasing over 11 points to 66.73%. Aug-24 6.5 puts and Aug-24 11.5 calls are the most active options, with total volume in those strikes near 13,000 contracts. The Put/Call Ratio is 0.62. Earnings are expected on October 22nd.

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