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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 20,798 calls trading, 1.0x expected, and implied vol increasing over 1 point to 38.18%. Jun-26 120 calls and Jan-28 85 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.31. Earnings are expected on May 27th.

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