Looking At BHP Group's Recent Whale Trades

Looking At BHP Group's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on BHP Group BHP.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BHP, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for BHP Group.

This isn't normal.

The overall sentiment of these big-money traders is split between 14% bullish and 85%, bearish.

Out of all of the options we uncovered, 13 are puts, for a total amount of $1,320,134, and there was 1 call, for a total amount of $87,840.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $70.0 for BHP Group over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for BHP Group's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of BHP Group's whale trades within a strike price range from $25.0 to $70.0 in the last 30 days.

BHP Group Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BHP PUT SWEEP BEARISH 01/19/24 $70.00 $442.2K 691 182
BHP PUT SWEEP BEARISH 01/19/24 $70.00 $284.3K 691 300
BHP PUT SWEEP BEARISH 01/19/24 $55.00 $95.1K 956 178
BHP CALL SWEEP BEARISH 01/20/23 $25.00 $87.8K 2 36
BHP PUT SWEEP BEARISH 01/19/24 $67.50 $72.2K 202 99

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BHP PUT SWEEP BEARISH 01/19/24 $70.00 $442.2K 691 182
BHP PUT SWEEP BEARISH 01/19/24 $70.00 $284.3K 691 300
BHP PUT SWEEP BEARISH 01/19/24 $55.00 $95.1K 956 178
BHP CALL SWEEP BEARISH 01/20/23 $25.00 $87.8K 2 36
BHP PUT SWEEP BEARISH 01/19/24 $67.50 $72.2K 202 99

Where Is BHP Group Standing Right Now?

  • With a volume of 3,584,823, the price of BHP is down -1.45% at $49.12.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 169 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for BHP Group, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets