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Gap call volume above normal and directionally bullish

Bullish option flow detected in Gap with 3,773 calls trading, 1.4x expected, and implied vol increasing over 1 point to 63.14%. 9/8 weekly 12 calls and 8/25 weekly 11 calls are the most active options, with total volume in those strikes near 810 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 24th.

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