Jumia Technologies call volume above normal and directionally bullish

Bullish option flow detected in Jumia Technologies with 20,048 calls trading, 3x expected, and implied vol increasing over 15 points to 119.84%. Jun-24 11.5 calls and 6/7 weekly 8.5 calls are the most active options, with total volume in those strikes near 9,700 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 15th.