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BP call volume above normal and directionally bullish

BP call volume above normal and directionally bullish

Bullish option flow detected in BP (BP) with 11,771 calls trading, 1.1x expected, and implied vol increasing almost 6 points to 35.77%. 2/28 weekly 33 calls and Feb-25 33 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.45. Earnings are expected on February 11th.

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