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Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 36,500 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 52.85%. 9/22 weekly 9.5 calls and 9/22 weekly 9 calls are the most active options, with total volume in those strikes near 13,100 contracts. The Put/Call Ratio is 0.30. Earnings are expected on October 26th.

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