Peabody Energy call volume above normal and directionally bullish

Bullish option flow detected in Peabody Energy with 5,369 calls trading, 1.1x expected, and implied vol increasing over 1 point to 45.43%. Jul-23 30 calls and 5/5 weekly 24.5 calls are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.24. Earnings are expected on July 27th.