Square call volume above normal and directionally bullish

Bullish option flow detected in Square with 56,380 calls trading, 5x expected, and implied vol increasing almost 3 points to 63.42%. 10/11 weekly 70 calls and 10/11 weekly 71 calls are the most active options, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 0.15. Earnings are expected on November 7th.