Dropbox call volume above normal and directionally bullish
The Fly

Dropbox call volume above normal and directionally bullish

Bullish option flow detected in Dropbox with 1,783 calls trading, 1.5x expected, and implied vol increasing over 1 point to 26.70%. Oct-24 18 calls and Jul-24 24 calls are the most active options, with total volume in those strikes near 570 contracts. The Put/Call Ratio is 0.28. Earnings are expected on August 8th.

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