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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 94,490 calls trading, 9x expected, and implied vol increasing over 4 points to 61.07%. 6/27 weekly 8.5 calls and 6/27 weekly 9 calls are the most active options, with total volume in those strikes near 37,100 contracts. The Put/Call Ratio is 0.32. Earnings are expected on July 31st.

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