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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 21,390 calls trading, 4x expected, and implied vol increasing almost 2 points to 19.46%. 6/14 weekly 36 calls and Jun-25 33 puts are the most active options, with total volume in those strikes near 17,700 contracts. The Put/Call Ratio is 0.34. Earnings are expected on July 30th.

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