First Majestic Silver call volume above normal and directionally bullish

Bullish option flow detected in First Majestic Silver with 12,269 calls trading, 1.7x expected, and implied vol increasing over 7 points to 61.39%. Oct-24 9 calls and Jul-24 7 calls are the most active options, with total volume in those strikes near 3,400 contracts. The Put/Call Ratio is 0.23. Earnings are expected on August 1st.