Jumia Technologies call volume above normal and directionally bullish

Bullish option flow detected in Jumia Technologies with 10,068 calls trading, 1.1x expected, and implied vol increasing over 15 points to 99.97%. 7/12 weekly 9 calls and Jul-24 9 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.46. Earnings are expected on August 15th.