Chevron call volume above normal and directionally bullish

Bullish option flow detected in Chevron with 13,331 calls trading, 1.2x expected, and implied vol increasing over 1 point to 22.85%. 10/6 weekly 172.5 calls and Oct-23 162.5 puts are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.54. Earnings are expected on October 27th.