BP call volume above normal and directionally bullish

Bullish option flow detected in BP with 25,778 calls trading, 3x expected, and implied vol increasing almost 2 points to 28.37%. 10/4 weekly 32 calls and 10/4 weekly 33 calls are the most active options, with total volume in those strikes near 9,800 contracts. The Put/Call Ratio is 0.15. Earnings are expected on October 29th.