Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 27,228 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 78.98%. 7/10 weekly 17.5 calls and 7/10 weekly 18 calls are the most active options, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 0.29. Earnings are expected on July 30th.