Atlassian call volume above normal and directionally bullish

Bullish option flow detected in Atlassian with 1,475 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 41.89%. 12/29 weekly 275 calls and 12/29 weekly 267.5 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.39. Earnings are expected on February 1st.