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Pagaya Technologies call volume above normal and directionally bullish

Bullish option flow detected in Pagaya (PGY) Technologies with 4,874 calls trading, 1.1x expected, and implied vol increasing over 1 point to 89.12%. Dec-25 25 calls and Jan-26 45 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.31. Earnings are expected on February 12th.

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