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Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 28,118 calls trading, 1.4x expected, and implied vol increasing over 2 points to 55.67%. Feb-23 110 calls and Feb-23 90 puts are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.54. Earnings are expected on March 21st.

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