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Confluent call volume above normal and directionally bullish

Bullish option flow detected in Confluent (CFLT) with 10,289 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 53.62%. Mar-25 32 calls and Mar-25 34 calls are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.18. Earnings are expected on May 7th.

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