BP call volume above normal and directionally bullish

Bullish option flow detected in BP (BP) with 20,504 calls trading, 1.0x expected, and implied vol increasing over 1 point to 27.37%. Mar-25 35 calls and 2/28 weekly 34.5 calls are the most active options, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 0.40. Earnings are expected on April 29th.

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