Navitas Semiconductor call volume above normal and directionally bullish

Bullish option flow detected in Navitas Semiconductor (NVTS) with 22,053 calls trading, 1.5x expected, and implied vol increasing over 5 points to 145.32%. Jun-26 20 calls and 5/1 weekly 17 calls are the most active options, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 0.47. Earnings are expected on May 5th.

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