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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 38,881 calls trading, 1.3x expected, and implied vol increasing over 7 points to 86.64%. May-25 12 calls and 3/28 weekly 9 puts are the most active options, with total volume in those strikes near 22,400 contracts. The Put/Call Ratio is 0.63. Earnings are expected on April 24th.

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