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Reddit Inc call volume above normal and directionally bullish

Bullish option flow detected in Reddit (RDDT) Inc with 35,475 calls trading, 3x expected, and implied vol increasing over 7 points to 89.65%. 7/3 weekly 165 calls and 7/3 weekly 160 calls are the most active options, with total volume in those strikes near 6,900 contracts. The Put/Call Ratio is 0.50. Earnings are expected on July 31st.

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