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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 29,014 calls trading, 1.6x expected, and implied vol increasing almost 3 points to 66.90%. Aug-23 12 calls and 6/23 weekly 10.5 calls are the most active options, with total volume in those strikes near 15,100 contracts. The Put/Call Ratio is 0.18. Earnings are expected on July 27th.

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