Jumia Technologies call volume above normal and directionally bullish

Bullish option flow detected in Jumia Technologies with 10,397 calls trading, 2x expected, and implied vol increasing almost 23 points to 135.84%. Jul-24 16 calls and 7/12 weekly 13 calls are the most active options, with total volume in those strikes near 5,800 contracts. The Put/Call Ratio is 0.20. Earnings are expected on August 15th.