Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 34,134 calls trading, 3x expected, and implied vol increasing almost 3 points to 37.85%. 8/29 weekly 115 calls and Nov-25 120 calls are the most active options, with total volume in those strikes near 20,600 contracts. The Put/Call Ratio is 0.17. Earnings are expected on August 26th.