Shopify call volume above normal and directionally bullish

Bullish option flow detected in Shopify with 21,960 calls trading, 2x expected, and implied vol increasing almost 2 points to 70.59%. 1/13 weekly 38 calls and 1/13 weekly 37 calls are the most active options, with total volume in those strikes near 11,200 contracts. The Put/Call Ratio is 0.51. Earnings are expected on February 15th.