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Aurinia Pharmaceuticals call volume above normal and directionally bullish

Bullish option flow detected in Aurinia Pharmaceuticals with 8,448 calls trading, 3x expected, and implied vol increasing over 2 points to 87.46%. Aug-23 16 calls and Jul-23 12 calls are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 3rd.

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