Bullish option flow detected in Lumentum (LITE) with 6,976 calls trading, 1.5x expected, and implied vol increasing over 1 point to 108.20%. 5/1 weekly 900 calls and 5/1 weekly 850 puts are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.61. Earnings are expected on May 5th.
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