Virgin Galactic call volume above normal and directionally bullish

Bullish option flow detected in Virgin Galactic with 11,655 calls trading, 3x expected, and implied vol increasing over 16 points to 171.10%. Aug-24 9 calls and 7/12 weekly 8 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.11. Earnings are expected on July 30th.