Lumen Technologies call volume above normal and directionally bullish

Bullish option flow detected in Lumen Technologies with 71,714 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 98.36%. 8/23 weekly 6.5 calls and 8/23 weekly 6 calls are the most active options, with total volume in those strikes near 23,100 contracts. The Put/Call Ratio is 0.22. Earnings are expected on November 5th.