Check Out What Whales Are Doing With BP

A whale with a lot of money to spend has taken a noticeably bullish stance on BP.

Looking at options history for BP BP we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $427,332 and 5, calls, for a total amount of $223,262.

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 $35.0 to $42.0 for BP 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 BP'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 BP's whale trades within a strike price range from $35.0 to $42.0 in the last 30 days.

BP 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
BP PUT TRADE BEARISH 12/20/24 $42.00 $202.5K 3.8K 0
BP CALL TRADE BEARISH 06/16/23 $37.00 $99.0K 2.9K 7
BP PUT TRADE BEARISH 10/20/23 $37.00 $81.1K 1.4K 298
BP PUT SWEEP BULLISH 08/18/23 $38.00 $44.1K 85 97
BP PUT SWEEP BULLISH 01/17/25 $35.00 $41.3K 1.6K 93

Where Is BP Standing Right Now?

  • With a volume of 3,980,091, the price of BP is down -0.03% at $35.95.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 74 days.

What The Experts Say On BP:

  • Piper Sandler has decided to maintain their Overweight rating on BP, which currently sits at a price target of $46.
  • Raymond James has decided to maintain their Outperform rating on BP, which currently sits at a price target of $47.

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 BP, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!