Alibaba call volume above normal and directionally bullish

Bullish option flow detected in Alibaba with 58,274 calls trading, 1.8x expected, and implied vol increasing almost 2 points to 48.43%. 10/4 weekly 110 calls and 10/4 weekly 115 calls are the most active options, with total volume in those strikes near 11,100 contracts. The Put/Call Ratio is 0.48. Earnings are expected on November 21st.