Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 49,540 calls trading, 1.2x expected, and implied vol increasing almost 3 points to 50.29%. 11/8 weekly 140 calls and Oct-24 128 calls are the most active options, with total volume in those strikes near 20,000 contracts. The Put/Call Ratio is 0.19. Earnings are expected on November 29th.