Weibo call volume above normal and directionally bullish

Bullish option flow detected in Weibo with 4,753 calls trading, 1.7x expected, and implied vol increasing almost 9 points to 85.48%. Jun-24 10 calls and 6/7 weekly 10 calls are the most active options, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 0.17. Earnings are expected on May 23rd.