Transocean call volume above normal and directionally bullish

Bullish option flow detected in Transocean with 21,175 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 58.06%. Aug-24 8 calls and Jul-24 5 calls are the most active options, with total volume in those strikes near 10,200 contracts. The Put/Call Ratio is 0.39. Earnings are expected on April 29th.