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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 20,976 calls trading, 1.1x expected, and implied vol increasing over 3 points to 82.80%. 6/30 weekly 11.5 calls and 7/7 weekly 12 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.19. Earnings are expected on July 27th.

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