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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 93,919 calls trading, 1.6x expected, and implied vol increasing almost 10 points to 97.32%. 1/31 weekly 15 calls and 1/24 weekly 14.5 calls are the most active options, with total volume in those strikes near 38,000 contracts. The Put/Call Ratio is 0.35. Earnings are expected on February 4th.

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