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Lyft call volume above normal and directionally bullish

Bullish option flow detected in Lyft (LYFT) with 21,577 calls trading, 2x expected, and implied vol increasing over 4 points to 47.62%. 6/13 weekly 16.5 calls and Jul-25 17 calls are the most active options, with total volume in those strikes near 13,000 contracts. The Put/Call Ratio is 0.26. Earnings are expected on August 6th.

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