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Jumia Technologies call volume above normal and directionally bullish

Bullish option flow detected in Jumia Technologies with 10,723 calls trading, 4x expected, and implied vol increasing almost 4 points to 98.61%. 3/1 weekly 6.5 calls and 4/5 weekly 8 calls are the most active options, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 0.16. Earnings are expected on May 23rd.

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