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Reddit Inc call volume above normal and directionally bullish

Bullish option flow detected in Reddit Inc with 17,460 calls trading, 2.0x expected, and implied vol increasing over 3 points to 95.82%. Jul-24 80 calls and 7/12 weekly 78 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.41. Earnings are expected on August 6th.

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