Bullish option flow detected in Ambac Financial (AMBC) with 4,563 calls trading, 1.2x expected, and implied vol increasing over 11 points to 78.05%. May-25 11 calls and Aug-25 10 calls are the most active options, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 0.05. Earnings are expected on May 5th.
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