Snap Inc. call volume above normal and directionally bullish

Bullish option flow detected in Snap Inc. with 199,005 calls trading, 4x expected, and implied vol increasing almost 2 points to 61.75%. Jun-23 10 calls and 5/5 weekly 6.5 puts are the most active options, with total volume in those strikes near 142,000 contracts. The Put/Call Ratio is 0.31. Earnings are expected on July 27th.