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Jumia Technologies call volume above normal and directionally bullish

Bullish option flow detected in Jumia Technologies with 3,748 calls trading, 1.3x expected, and implied vol increasing over 4 points to 107.72%. 11/8 weekly 7 calls and Oct-24 5 puts are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.32. Earnings are expected on November 14th.

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