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Lemonade call volume above normal and directionally bullish

Bullish option flow detected in Lemonade (LMND) with 14,941 calls trading, 6x expected, and implied vol increasing almost 9 points to 80.27%. Jul-25 40 calls and 6/13 weekly 35 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.18. Earnings are expected on August 5th.

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