BP call volume above normal and directionally bullish
The Fly

BP call volume above normal and directionally bullish

Bullish option flow detected in BP with 8,738 calls trading, 1.6x expected, and implied vol increasing over 1 point to 21.02%. 4/12 weekly 40 calls and 4/12 weekly 39 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.24. Earnings are expected on May 7th.

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