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Applied Optoelectronics call volume above normal and directionally bullish

Bullish option flow detected in Applied Optoelectronics with 6,110 calls trading, 3x expected, and implied vol increasing over 1 point to 98.71%. Sep-24 17.5 calls and Sep-24 20 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.13. Earnings are expected on November 11th.

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