Bullish option flow detected in Lemonade (LMND) with 6,595 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 67.49%. 5/23 weekly 30.5 calls and 5/30 weekly 35 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.30. Earnings are expected on August 5th.
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