Rackspace Technology call volume above normal and directionally bullish

Bullish option flow detected in Rackspace Technology with 26,650 calls trading, 3x expected, and implied vol increasing almost 2 points to 168.36%. 7/24 weekly 7 calls and 7/10 weekly 5 calls are the most active options, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 6th.