Bullish option flow detected in Lumentum (LITE) with 9,587 calls trading, 1.8x expected, and implied vol increasing over 3 points to 102.80%. 4/2 weekly 750 calls and Jun-26 500 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.49. Earnings are expected on May 5th.
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