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Applied Digital Corp call volume above normal and directionally bullish

Bullish option flow detected in Applied Digital Corp with 4,571 calls trading, 1.2x expected, and implied vol increasing almost 64 points to 212.79%. Aug-24 8 calls and 7/12 weekly 7 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on July 31st.

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