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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 17,135 calls trading, 1.5x expected, and implied vol increasing over 2 points to 44.60%. Apr-26 120 calls and 2/27 weekly 110 calls are the most active options, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 0.35. Earnings are expected on March 19th.

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