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Archer Aviation call volume above normal and directionally bullish

Bullish option flow detected in Archer Aviation with 3,673 calls trading, 1.1x expected, and implied vol increasing almost 5 points to 119.78%. Jul-23 5 calls and Jul-23 5 puts are the most active options, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 0.29. Earnings are expected on August 9th.

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