Iovance Biotherapeutics call volume above normal and directionally bullish

Bullish option flow detected in Iovance Biotherapeutics (IOVA) with 9,622 calls trading, 2x expected, and implied vol increasing almost 27 points to 291.24%. Mar-25 5 calls and Mar-25 4 calls are the most active options, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 0.04. Earnings are expected on February 26th.