Applied Optoelectronics call volume above normal and directionally bullish

Bullish option flow detected in Applied Optoelectronics (AAOI) with 31,784 calls trading, 7x expected, and implied vol increasing almost 5 points to 131.87%. 3/6 weekly 115 calls and 3/6 weekly 110 calls are the most active options, with total volume in those strikes near 6,300 contracts. The Put/Call Ratio is 0.29. Earnings are expected on May 7th.

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