Xerox call volume above normal and directionally bullish

Bullish option flow detected in Xerox with 1,316 calls trading, 1.9x expected, and implied vol increasing almost 2 points to 52.00%. Aug-24 13 calls and Aug-24 12 calls are the most active options, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 0.43. Earnings are expected on July 23rd.