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Snowflake call volume above normal and directionally bullish
The Fly

Snowflake call volume above normal and directionally bullish

Bullish option flow detected in Snowflake with 41,138 calls trading, 3x expected, and implied vol increasing over 1 point to 40.87%. 8/30 weekly 120 calls and 8/30 weekly 125 calls are the most active options, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 0.30. Earnings are expected on November 27th.

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