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Futu Holdings call volume above normal and directionally bullish

Bullish option flow detected in Futu Holdings with 15,695 calls trading, 4x expected, and implied vol increasing almost 9 points to 85.09%. 10/4 weekly 110 calls and 10/4 weekly 100 calls are the most active options, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 0.30. Earnings are expected on November 21st.

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