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Lyft call volume above normal and directionally bullish

Bullish option flow detected in Lyft with 40,715 calls trading, 4x expected, and implied vol increasing over 5 points to 94.97%. 7/28 weekly 12.5 calls and Aug-23 14 calls are the most active options, with total volume in those strikes near 13,800 contracts. The Put/Call Ratio is 0.15. Earnings are expected on August 8th.

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