SAP (SAP, news, chart) is seeing bullish order flow. The stock is up a dime to $57.96 and 14,000 calls have traded, compared to just 336 puts. The January 2010 with the 60 strike are the most actives, with 7,700 contracts traded offerside. Open interest is 284 contracts. The January 57.5s and 60s are busy, also with 100 percent of today’s volume on the offer. Directional sentiment based on today’s order flow in SAP is 87 percent bullish. No news on the stock, but today’s action seems to be speculative call buying in anticipation of a substantial move higher in SAP.