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Reddit Inc call volume above normal and directionally bullish

Bullish option flow detected in Reddit Inc with 17,342 calls trading, 2x expected, and implied vol increasing over 11 points to 75.35%. Jun-24 68 calls and 6/14 weekly 70 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.44. Earnings are expected on August 6th.

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