Baidu call volume above normal and directionally bullish

Bullish option flow detected in Baidu with 83,948 calls trading, 10x expected, and implied vol increasing over 3 points to 43.25%. 7/12 weekly 120 calls and Jul-24 110 calls are the most active options, with total volume in those strikes near 17,200 contracts. The Put/Call Ratio is 0.10. Earnings are expected on August 27th.