Lemonade call volume above normal and directionally bullish

Bullish option flow detected in Lemonade with 26,462 calls trading, 9x expected, and implied vol increasing almost 20 points to 71.16%. 5/24 weekly 21 calls and May-24 18 calls are the most active options, with total volume in those strikes near 6,700 contracts. The Put/Call Ratio is 0.24. Earnings are expected on July 31st.