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Five Below call volume above normal and directionally bullish

Bullish option flow detected in Five Below with 2,409 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 67.45%. Sep-24 85 calls and Sep-24 130 calls are the most active options, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 0.23. Earnings are expected on August 28th.

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