Financial giants have made a conspicuous bullish move on BHP Group. Our analysis of options history for BHP Group BHP revealed 14 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $945,710, and 7 were calls, valued at $340,700.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.5 to $90.0 for BHP Group over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for BHP Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across BHP Group's significant trades, within a strike price range of $32.5 to $90.0, over the past month.
BHP Group Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BHP | PUT | SWEEP | NEUTRAL | 05/17/24 | $75.00 | $286.0K | 8 | 200 |
| BHP | PUT | SWEEP | BULLISH | 01/17/25 | $90.00 | $192.9K | 1 | 0 |
| BHP | PUT | SWEEP | BULLISH | 01/17/25 | $90.00 | $123.8K | 1 | 110 |
| BHP | CALL | SWEEP | BULLISH | 01/16/26 | $32.50 | $119.2K | 923 | 0 |
| BHP | PUT | SWEEP | BULLISH | 06/21/24 | $85.00 | $107.1K | 0 | 45 |
About BHP Group
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.
Where Is BHP Group Standing Right Now?
- Trading volume stands at 1,016,263, with BHP's price up by 1.26%, positioned at $61.67.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 94 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.
© 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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