BJ Restaurants (BJRI) unusual buys of 1250 July $30 calls $2.25 to $2.60 ahead of earnings on 4/27, sending IV higher. BJRI has a nice six-week base forming on its rising 200-day. The $680M company trades 28X Earnings and 0.53X Sales, revenues seen at 5-6% annual growth while EBITDA seen up 23% this year. BJRI does have 7.6% of the float short. Wedbush upgraded to Outperform this week seeing upside to same-store sales and margins. CL King sees market share gains, accelerated high-return remodels and maturation of margin initiatives.