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Navitas Semiconductor call volume above normal and directionally bullish

Bullish option flow detected in Navitas Semiconductor (NVTS) with 74,912 calls trading, 1.6x expected, and implied vol increasing almost 18 points to 128.11%. May-26 18 calls and Jun-26 20 calls are the most active options, with total volume in those strikes near 19,300 contracts. The Put/Call Ratio is 0.29. Earnings are expected on August 3rd.

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