Bullish option flow detected in Lemonade (LMND) with 15,837 calls trading, 1.6x expected, and implied vol increasing over 8 points to 79.52%. 7/3 weekly 48 calls and 7/11 weekly 50 calls are the most active options, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 5th.
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