Shopify call volume above normal and directionally bullish

Bullish option flow detected in Shopify with 33,293 calls trading, 2x expected, and implied vol increasing over 4 points to 71.54%. Jan-23 25 calls and 1/13 weekly 36.5 calls are the most active options, with total volume in those strikes near 13,900 contracts. The Put/Call Ratio is 0.24. Earnings are expected on February 15th.