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Cloudflare call volume above normal and directionally bullish

Bullish option flow detected in Cloudflare (NET) with 6,986 calls trading, 1.7x expected, and implied vol increasing over 1 point to 46.80%. Aug-25 200 calls and 8/8 weekly 190 puts are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.61. Earnings are expected on November 6th.

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