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Penguin Solutions Inc. call volume above normal and directionally bullish

Bullish option flow detected in Penguin Solutions (PENG) Inc. with 6,475 calls trading, 1.0x expected, and implied vol increasing almost 5 points to 102.46%. Jun-26 65 calls and Jun-26 60 calls are the most active options, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 0.05. Earnings are expected on July 1st.

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