Blue Owl Capital call volume above normal and directionally bullish

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Bullish option flow detected in Blue Owl Capital (OWL) with 1,798 calls trading, 1.2x expected, and implied vol increasing over 1 point to 40.45%. Aug-25 26 calls and Jan-26 20 puts are the most active options, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 0.25. Earnings are expected on May 1st.

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