Arm Holdings PLC call volume above normal and directionally bullish

Bullish option flow detected in Arm Holdings PLC with 81,820 calls trading, 3x expected, and implied vol increasing over 4 points to 57.45%. May-24 120 calls and May-24 115 calls are the most active options, with total volume in those strikes near 27,700 contracts. The Put/Call Ratio is 0.39. Earnings are expected on August 2nd.