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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 50,205 calls trading, 1.4x expected, and implied vol increasing over 2 points to 81.01%. 7/7 weekly 12.5 calls and 7/14 weekly 12.5 calls are the most active options, with total volume in those strikes near 19,100 contracts. The Put/Call Ratio is 0.19. Earnings are expected on July 27th.

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