Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 7,830 calls trading, 1.5x expected, and implied vol increasing almost 4 points to 71.38%. Jul-23 30 calls and Apr-23 22 calls are the most active options, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 0.11. Earnings are expected on April 27th.