Delta Air Lines call volume above normal and directionally bullish

Bullish option flow detected in Delta Air Lines with 31,236 calls trading, 4x expected, and implied vol increasing almost 3 points to 38.26%. Aug-24 55 calls and 6/14 weekly 49.5 calls are the most active options, with total volume in those strikes near 15,100 contracts. The Put/Call Ratio is 0.39. Earnings are expected on July 11th.