Momo call volume above normal and directionally bullish
Bullish option flow detected in Momo with 3,798 calls trading, 3x expected, and implied vol increasing over 3 points to 71.51%. Oct-16 24 calls and Nov-16 35 calls are the most active options, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 0.33. Earnings are expected on November 17th.