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UWM Holdings Corp call volume above normal and directionally bullish

Bullish option flow detected in UWM Holdings Corp with 4,008 calls trading, 1.4x expected, and implied vol increasing over 1 point to 51.69%. 5/3 weekly 6.5 calls and 5/3 weekly 7 calls are the most active options, with total volume in those strikes near 3,700 contracts. The Put/Call Ratio is 0.06. Earnings are expected on May 8th.

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