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Estee Lauder call volume above normal and directionally bullish

Bullish option flow detected in Estee Lauder (EL) with 12,268 calls trading, 2x expected, and implied vol increasing almost 3 points to 92.41%. May-25 70 calls and Jun-26 70 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 1st.

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