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Bilibili call volume above normal and directionally bullish

Bullish option flow detected in Bilibili (BILI) with 50,208 calls trading, 9x expected, and implied vol increasing almost 9 points to 72.04%. Sep-25 20 calls and May-25 23 calls are the most active options, with total volume in those strikes near 18,700 contracts. The Put/Call Ratio is 0.12. Earnings are expected on May 29th.

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