Weibo call volume above normal and directionally bullish

Bullish option flow detected in Weibo with 2,957 calls trading, 1.2x expected, and implied vol increasing over 12 points to 71.11%. Jul-24 11.7 calls and Jun-24 10 calls are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.07. Earnings are expected on May 23rd.