Whales with a lot of money to spend have taken a noticeably bullish stance on BP.
Looking at options history for BP BP we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $330,302 and 7, calls, for a total amount of $461,481.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $23.0 to $47.0 for BP during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for BP options trades today is 5105.89 with a total volume of 3,103.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BP's big money trades within a strike price range of $23.0 to $47.0 over the last 30 days.
BP Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BP | CALL | SWEEP | BULLISH | 12/20/24 | $2.62 | $2.61 | $2.61 | $40.00 | $106.4K | 6.3K | 410 |
| BP | CALL | TRADE | BEARISH | 01/16/26 | $4.5 | $3.8 | $3.85 | $42.00 | $102.4K | 1.8K | 266 |
| BP | CALL | TRADE | BEARISH | 06/20/25 | $2.91 | $2.9 | $2.9 | $42.00 | $80.6K | 1.0K | 278 |
| BP | PUT | TRADE | BULLISH | 12/20/24 | $3.25 | $3.2 | $3.2 | $40.00 | $70.7K | 29.6K | 442 |
| BP | PUT | TRADE | BULLISH | 12/20/24 | $3.25 | $3.2 | $3.2 | $40.00 | $70.7K | 29.6K | 221 |
About BP
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.1 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2022, reserves stood at 7.2 billion barrels of oil equivalent, 56% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
Having examined the options trading patterns of BP, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
BP's Current Market Status
- With a volume of 7,519,687, the price of BP is up 0.71% at $39.57.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for BP with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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