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Gap call volume above normal and directionally bullish

Bullish option flow detected in Gap with 10,593 calls trading, 5x expected, and implied vol increasing almost 3 points to 57.40%. 7/28 weekly 9.5 calls and Aug-23 9 calls are the most active options, with total volume in those strikes near 7,100 contracts. The Put/Call Ratio is 0.14. Earnings are expected on August 24th.

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