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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 34,925 calls trading, 1.4x expected, and implied vol increasing over 1 point to 49.71%. Jul-25 145 calls and Jun-25 129 calls are the most active options, with total volume in those strikes near 10,200 contracts. The Put/Call Ratio is 0.24. Earnings are expected on May 27th.

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