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Futu Holdings call volume above normal and directionally bullish

Bullish option flow detected in Futu Holdings with 5,063 calls trading, 2x expected, and implied vol increasing over 2 points to 56.75%. 5/26 weekly 45 calls and 5/12 weekly 42 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.13. Earnings are expected on May 18th.

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