Cipher Mining call volume above normal and directionally bullish

Bullish option flow detected in Cipher Mining with 19,309 calls trading, 3x expected, and implied vol increasing almost 14 points to 131.65%. Jul-24 7.5 calls and 7/26 weekly 7.5 calls are the most active options, with total volume in those strikes near 6,000 contracts. The Put/Call Ratio is 0.07. Earnings are expected on August 6th.