Bullish option flow detected in Lemonade with 3,642 calls trading, 1.9x expected, and implied vol increasing almost 2 points to 72.85%. 7/28 weekly 17 puts and Jan-24 27 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.64. Earnings are expected on August 8th.
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