Ringcentral call volume above normal and directionally bullish

Bullish option flow detected in Ringcentral with 9,446 calls trading, 5x expected, and implied vol increasing over 2 points to 67.60%. Jul-23 37 calls and Sep-23 40 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.11. Earnings are expected on August 1st.