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Victoria’s Secret call volume above normal and directionally bullish

Bullish option flow detected in Victoria’s Secret with 2,166 calls trading, 1.8x expected, and implied vol increasing over 1 point to 61.05%. Sep-24 25 calls and Sep-24 20 puts are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.58. Earnings are expected on August 28th.

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