Bullish option flow detected in Alibaba with 71,232 calls trading, 1.5x expected, and implied vol increasing over 1 point to 33.93%. 7/12 weekly 76 calls and 7/12 weekly 75 calls are the most active options, with total volume in those strikes near 16,600 contracts. The Put/Call Ratio is 0.22. Earnings are expected on August 8th.
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