Southwest call volume above normal and directionally bullish

Bullish option flow detected in Southwest (LUV) with 8,869 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 51.84%. Jun-26 42.5 calls and Jun-26 45 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.45. Earnings are expected on July 22nd.