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XPO Logistics call volume above normal and directionally bullish

Bullish option flow detected in XPO Logistics with 6,378 calls trading, 2x expected, and implied vol increasing over 1 point to 48.03%. Aug-23 75 calls and Aug-23 85 calls are the most active options, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 4th.

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