Bullish option flow detected in Confluent (CFLT) with 6,779 calls trading, 1.3x expected, and implied vol increasing over 2 points to 50.21%. Feb-25 33 calls and Mar-25 40 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.38. Earnings are expected on May 7th.
Confluent call volume above normal and directionally bullish
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