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Weibo call volume above normal and directionally bullish

Bullish option flow detected in Weibo with 5,866 calls trading, 7x expected, and implied vol increasing over 3 points to 62.99%. Jan-23 22 calls and Jan-23 21 calls are the most active options, with total volume in those strikes near 5,700 contracts. The Put/Call Ratio is 0.03. Earnings are expected on March 2nd.

Published first on TheFly

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