Red Cat Holdings call volume above normal and directionally bullish

Bullish option flow detected in Red Cat (RCAT) Holdings with 5,746 calls trading, 1.3x expected, and implied vol increasing almost 6 points to 167.73%. Dec-24 7 calls and Dec-24 8 calls are the most active options, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 0.19. Earnings are expected on December 16th.