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Coupang call volume above normal and directionally bullish

Bullish option flow detected in Coupang with 45,333 calls trading, 5x expected, and implied vol increasing over 2 points to 49.63%. 5/3 weekly 23 calls and Jun-24 22.5 calls are the most active options, with total volume in those strikes near 32,300 contracts. The Put/Call Ratio is 0.09. Earnings are expected on May 7th.

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