Benzinga's options scanner has just identified more than 8 option transactions on BHP Group BHP, with a cumulative value of $641,935. Concurrently, our algorithms picked up 5 puts, worth a total of 464,710.
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 $55.0 to $77.5 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 $55.0 to $77.5, over the past month.
BHP Group 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BHP | PUT | SWEEP | BULLISH | 01/19/24 | $67.50 | $199.1K | 2.6K | 450 |
| BHP | PUT | SWEEP | BULLISH | 01/19/24 | $67.50 | $145.4K | 2.6K | 450 |
| BHP | CALL | SWEEP | BULLISH | 02/16/24 | $65.00 | $87.2K | 1.7K | 1.0K |
| BHP | CALL | TRADE | BULLISH | 08/16/24 | $57.50 | $73.1K | 135 | 85 |
| BHP | PUT | SWEEP | BULLISH | 01/17/25 | $77.50 | $57.7K | 114 | 35 |
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.
BHP Group's Current Market Status
- Currently trading with a volume of 1,606,093, the BHP's price is down by -0.02%, now at $63.66.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 39 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 BHP Group with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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