Bullish option flow detected in Spotify with 3,776 calls trading, 3x expected, and implied vol increasing almost 2 points to 34.31%. 6/23 weekly 160 calls and 6/23 weekly 165 calls are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.66. Earnings are expected on July 26th.
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Published first on TheFly
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