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Salesforce call volume above normal and directionally bullish

Bullish option flow detected in Salesforce (CRM) with 31,770 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 27.41%. Jul-25 270 calls and Jul-25 270 puts are the most active options, with total volume in those strikes near 12,000 contracts. The Put/Call Ratio is 0.46. Earnings are expected on August 27th.

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