Pinduoduo call volume above normal and directionally bullish

Bullish option flow detected in Pinduoduo with 13,452 calls trading, 1.9x expected, and implied vol increasing over 2 points to 34.21%. 8/23 weekly 135 puts and 7/12 weekly 140 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.41. Earnings are expected on August 29th.