Bullish flow in BlackBerry with shares up 3.8%

Bullish flow in BlackBerry (BB), with shares up 24c, or 3.8%, near $6.42. Options volume roughly in line with average with 61k contracts traded and calls leading puts for a put/call ratio of 0.19, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 3.8 points near 70.17,in the top quartile of the past year, suggesting an expected daily move of $0.28. Put-call skew flattened, suggesting a modestly bullish tone.