Chesapeake Energy call volume above normal and directionally bullish
Bullish option flow detected in Chesapeake Energy with 26,954 calls trading, 3x expected, and implied vol increasing almost 5 points to 89.74%. Oct-16 7 calls and Oct-16 6.5 calls are the most active options, with total volume in those strikes near 20,200 contracts. The Put/Call Ratio is 0.23. Earnings are expected on November 2nd.