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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap (SNAP) Inc. with 57,745 calls trading, 1.3x expected, and implied vol increasing over 9 points to 98.35%. 10/10 weekly 9 calls and 10/10 weekly 8.5 calls are the most active options, with total volume in those strikes near 22,200 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 28th.

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