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Reddit Inc call volume above normal and directionally bullish

Bullish option flow detected in Reddit Inc with 20,517 calls trading, 3x expected, and implied vol increasing almost 18 points to 97.51%. May-24 60 calls and May-24 65 calls are the most active options, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 0.43. Earnings are expected on August 6th.

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