Chevron call volume above normal and directionally bullish

Bullish option flow detected in Chevron with 27,724 calls trading, 1.3x expected, and implied vol increasing almost 2 points to 25.46%. Oct-23 167.5 calls and 10/13 weekly 165 calls are the most active options, with total volume in those strikes near 9,200 contracts. The Put/Call Ratio is 0.53. Earnings are expected on October 27th.