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Snap Inc. call volume above normal and directionally bullish

Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 25,853 calls trading, 1.9x expected, and implied vol increasing over 2 points to 100.94%. 11/1 weekly 11.5 calls and Nov-24 13 calls are the most active options, with total volume in those strikes near 9,600 contracts. The Put/Call Ratio is 0.14. Earnings are expected on October 29th.

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