Bullish option flow detected in BP with 8,738 calls trading, 1.6x expected, and implied vol increasing over 1 point to 21.02%. 4/12 weekly 40 calls and 4/12 weekly 39 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.24. Earnings are expected on May 7th.
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