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Coupang call volume above normal and directionally bullish

Bullish option flow detected in Coupang with 3,116 calls trading, 1.6x expected, and implied vol increasing over 1 point to 50.13%. 7/28 weekly 18 calls and Aug-23 20 calls are the most active options, with total volume in those strikes near 780 contracts. The Put/Call Ratio is 0.26. Earnings are expected on August 8th.

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