Bullish option flow detected in Estee Lauder (EL) with 5,670 calls trading, 1.1x expected, and implied vol increasing almost 22 points to 90.66%. May-25 70 calls and Oct-25 65 calls are the most active options, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 0.67. Earnings are expected on May 1st.
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