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Coupang call volume above normal and directionally bullish

Bullish option flow detected in Coupang (CPNG) with 48,928 calls trading, 4x expected, and implied vol increasing over 1 point to 49.98%. May-26 20 calls and Mar-26 19 calls are the most active options, with total volume in those strikes near 12,200 contracts. The Put/Call Ratio is 0.13. Earnings are expected on May 5th.

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