First Majestic Silver call volume above normal and directionally bullish

Bullish option flow detected in First Majestic Silver with 28,324 calls trading, 4x expected, and implied vol increasing over 4 points to 58.33%. May-24 7.5 calls and May-24 8 calls are the most active options, with total volume in those strikes near 6,400 contracts. The Put/Call Ratio is 0.09. Earnings are expected on August 1st.