Lemonade call volume above normal and directionally bullish

Bullish option flow detected in Lemonade with 2,701 calls trading, 1.4x expected, and implied vol increasing almost 8 points to 63.18%. Sep-24 20 calls and Oct-24 22 calls are the most active options, with total volume in those strikes near 1,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 30th.