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Lyft call volume above normal and directionally bullish

Bullish option flow detected in Lyft with 17,853 calls trading, 2x expected, and implied vol increasing over 1 point to 65.19%. 3/24 weekly 10 calls and May-23 7.5 puts are the most active options, with total volume in those strikes near 13,000 contracts. The Put/Call Ratio is 0.16. Earnings are expected on May 2nd.

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Published first on TheFly

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