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Twilio call volume above normal and directionally bullish

Bullish option flow detected in Twilio (TWLO) with 5,766 calls trading, 1.3x expected, and implied vol increasing over 2 points to 66.06%. Jul-25 120 calls and 8/8 weekly 120 calls are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.33. Earnings are expected on July 31st.

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