Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 21,224 calls trading, 1.7x expected, and implied vol increasing over 2 points to 46.12%. Nov-24 165 calls and 8/30 weekly 160 calls are the most active options, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 26th.