Futu Holdings call volume above normal and directionally bullish

Bullish option flow detected in Futu Holdings with 13,761 calls trading, 2x expected, and implied vol increasing almost 2 points to 107.71%. 10/11 weekly 130 calls and 10/11 weekly 120 puts are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.42. Earnings are expected on November 21st.

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