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Groupon call volume above normal and directionally bullish

Bullish option flow detected in Groupon with 8,232 calls trading, 3x expected, and implied vol increasing over 2 points to 117.96%. Jun-24 12 calls and May-24 13 calls are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.02. Earnings are expected on May 8th.

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