The Profile
Jumia Technologies (JMIA) is a Germany-based company promoting e-commerce business and services across the continent of Africa. These eleven African countries have a combined population of 600M people, include 70% of Africa’s internet users, and create 70% of Africa’s GDP (see the company’s profile for more details). Jumia is sometimes called the “Amazon.com” of Africa as the company promises to one day transform digital enterprise in Africa.
The Trading Action
A surge of August $30 call options traded on Jumia Technologies on August 7th. The 17,682 calls that traded