Bullish option flow detected in PayPal with 129,547 calls trading, 5x expected, and implied vol increasing almost 2 points to 32.95%. 6/23 weekly 71 calls and Jul-23 72.5 calls are the most active options, with total volume in those strikes near 47,700 contracts. The Put/Call Ratio is 0.12. Earnings are expected on August 2nd.
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Published first on TheFly
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