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Pinduoduo call volume above normal and directionally bullish

Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 41,864 calls trading, 1.3x expected, and implied vol increasing over 3 points to 42.55%. 1/10 weekly 102 calls and 1/10 weekly 89 puts are the most active options, with total volume in those strikes near 15,900 contracts. The Put/Call Ratio is 0.64. Earnings are expected on March 20th.

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