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Reddit Inc call volume above normal and directionally bullish

Bullish option flow detected in Reddit (RDDT) Inc with 29,668 calls trading, 1.6x expected, and implied vol increasing almost 2 points to 71.00%. 5/30 weekly 110 calls and 5/30 weekly 120 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.22. Earnings are expected on July 31st.

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