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BP call volume above normal and directionally bullish

Bullish option flow detected in BP (BP) with 21,420 calls trading, 2x expected, and implied vol increasing over 1 point to 22.24%. 1/9 weekly 37 calls and Jan-27 40 calls are the most active options, with total volume in those strikes near 7,600 contracts. The Put/Call Ratio is 0.24. Earnings are expected on February 10th.

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