BP call volume above normal and directionally bullish

Bullish option flow detected in BP with 26,301 calls trading, 4x expected, and implied vol increasing almost 3 points to 26.93%. 10/4 weekly 32 calls and 10/4 weekly 32.5 calls are the most active options, with total volume in those strikes near 13,600 contracts. The Put/Call Ratio is 0.08. Earnings are expected on October 29th.