Financial giants have made a conspicuous bearish move on BP. Our analysis of options history for BP BP revealed 19 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $512,694, and 10 were calls, valued at $830,817.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $47.0 for BP during the past quarter.
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 $15.0 to $47.0 in the last 30 days.
BP 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BP | PUT | SWEEP | BULLISH | 01/16/26 | $47.00 | $172.8K | 106 | 16 |
| BP | CALL | SWEEP | BEARISH | 01/19/24 | $15.00 | $163.0K | 11 | 0 |
| BP | CALL | SWEEP | BULLISH | 01/16/26 | $20.00 | $146.5K | 22 | 20 |
| BP | CALL | SWEEP | BEARISH | 01/16/26 | $30.00 | $115.5K | 697 | 100 |
| BP | CALL | TRADE | BEARISH | 01/19/24 | $32.00 | $85.0K | 6.8K | 1 |
About BP
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, 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. BP also holds a 20% ownership interest in Rosneft, which it plans to exit.
In light of the recent options history for BP, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of BP
- With a trading volume of 2,182,476, the price of BP is down by -0.22%, reaching $35.8.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 77 days from now.
Professional Analyst Ratings for BP
1 market experts have recently issued ratings for this stock, with a consensus target price of $43.0.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for BP, targeting a price of $43.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest BP options trades with real-time alerts from Benzinga Pro.
© 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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