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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 118,366 calls trading, 1.4x expected, and implied vol increasing almost 3 points to 51.66%. Mar-24 12 calls and 3/8 weekly 12 calls are the most active options, with total volume in those strikes near 42,600 contracts. The Put/Call Ratio is 0.25. Earnings are expected on April 25th.

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