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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 25,463 calls trading, 1.4x expected, and implied vol increasing over 2 points to 46.65%. Jun-26 115 calls and 5/8 weekly 105 calls are the most active options, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 27th.

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