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Colombier Acquisition Corp II call volume above normal and directionally bullish

Bullish option flow detected in Colombier Acquisition (CLBR) Corp II with 3,012 calls trading, 1.2x expected, and implied vol increasing almost 10 points to 106.66%. May-25 15 calls and May-25 12.5 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.02.

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