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Estee Lauder call volume above normal and directionally bullish

Bullish option flow detected in Estee Lauder with 2,347 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 52.21%. 7/26 weekly 101 calls and Sep-24 115 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.47. Earnings are expected on August 19th.

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