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Chegg call volume above normal and directionally bullish

Bullish option flow detected in Chegg with 3,355 calls trading, 1.5x expected, and implied vol increasing over 1 point to 49.34%. Oct-23 12.5 calls and Jan-24 12.5 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.02. Earnings are expected on October 30th.

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