Coupang call volume above normal and directionally bullish

Bullish option flow detected in Coupang with 36,921 calls trading, 7x expected, and implied vol increasing over 2 points to 48.09%. May-24 25 calls and Jul-24 20 puts are the most active options, with total volume in those strikes near 8,300 contracts. The Put/Call Ratio is 0.23. Earnings are expected on May 7th.

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