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Palo Alto Networks call volume above normal and directionally bullish

Bullish option flow detected in Palo Alto Networks with 17,771 calls trading, 1.1x expected, and implied vol increasing over 2 points to 34.10%. Jul-24 350 calls and Jul-24 340 calls are the most active options, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 15th.

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