Bullish option flow detected in Enovix (ENVX) with 25,055 calls trading, 3x expected, and implied vol increasing almost 13 points to 105.75%. 5/23 weekly 8.5 calls and Jan-26 10 calls are the most active options, with total volume in those strikes near 16,000 contracts. The Put/Call Ratio is 0.05. Earnings are expected on July 30th.
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