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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 53,375 calls trading, 1.3x expected, and implied vol increasing over 4 points to 84.24%. Aug-23 12 calls and Aug-23 13 calls are the most active options, with total volume in those strikes near 23,100 contracts. The Put/Call Ratio is 0.25. Earnings are expected on July 25th.

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