Gap call volume above normal and directionally bullish

Bullish option flow detected in Gap with 14,507 calls trading, 1.2x expected, and implied vol increasing almost 5 points to 48.72%. 6/14 weekly 27 calls and Jul-24 30 calls are the most active options, with total volume in those strikes near 11,300 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 22nd.