Teva Pharmaceuticals (TEVA, news, chart, volatility) is seeing bullish order flow. Shares are up $1.35 to $41.84 after the company posted better than expected earnings Thursday morning. The stock didn’t react yesterday, down 6 cents, perhaps getting caught up in the broader market decline. Trading is decidedly more bullish today. Not only are shares higher, but 9,100 calls have traded, roughly 5 times the number of put options. The top three trades of the day all traded at or above the offer: 5,000 November 42.5 calls for $1.15, 2,500 January 45 calls for $2.95, and 2,000 December 52.5 calls for 10 cents a contract.