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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 18,542 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 27.00%. Apr-26 115 calls and 1/2 weekly 118 calls are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.44. Earnings are expected on March 19th.

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