Bullish option flow detected in E.l.f. Beauty with 1,887 calls trading, 3x expected, and implied vol increasing over 6 points to 59.12%. 4/5 weekly 160 puts and 4/5 weekly 175 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.47. Earnings are expected on May 22nd.
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