Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 9,696 calls trading, 2x expected, and implied vol increasing over 2 points to 37.37%. Jul-24 24 calls and 7/26 weekly 24.5 calls are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.46. Earnings are expected on August 1st.