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Spotify call volume above normal and directionally bullish

Bullish option flow detected in Spotify (SPOT) with 8,495 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 41.85%. 10/3 weekly 730 calls and 11/7 weekly 720 calls are the most active options, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 0.43. Earnings are expected on November 4th.

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