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JD.com call volume above normal and directionally bullish

Bullish option flow detected in JD.com (JD) with 55,866 calls trading, 2x expected, and implied vol increasing almost 4 points to 42.72%. Jul-25 32.5 calls and Jul-25 32 calls are the most active options, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 0.28. Earnings are expected on August 14th.

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