Southwest call volume above normal and directionally bullish

Bullish option flow detected in Southwest with 9,797 calls trading, 1.2x expected, and implied vol increasing over 1 point to 41.11%. Jan-25 32.5 calls and 7/12 weekly 27.5 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.38. Earnings are expected on July 25th.