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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 117,392 calls trading, 1.1x expected, and implied vol increasing almost 3 points to 93.86%. 10/3 weekly 8 calls and 10/10 weekly 8.5 calls are the most active options, with total volume in those strikes near 44,500 contracts. The Put/Call Ratio is 0.08. Earnings are expected on October 28th.

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