Invitation Homes call volume above normal and directionally bullish

Bullish option flow detected in Invitation Homes with 1,156 calls trading, 1.4x expected, and implied vol increasing over 2 points to 31.25%. Oct-23 32.5 calls and Jul-23 32.5 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.03. Earnings are expected on April 26th.