Financial giants have made a conspicuous bullish move on BP. Our analysis of options history for BP BP revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $172,057, and 7 were calls, valued at $431,201.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $38.0 for BP over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of BP stands at 5003.43, with a total volume reaching 13,424.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in BP, situated within the strike price corridor from $20.0 to $38.0, throughout the last 30 days.
BP Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BP | CALL | SWEEP | BULLISH | 01/17/25 | $0.88 | $0.87 | $0.87 | $37.00 | $102.4K | 26.2K | 3.6K |
| BP | CALL | SWEEP | BULLISH | 01/17/25 | $0.87 | $0.86 | $0.86 | $37.00 | $86.0K | 26.2K | 36 |
| BP | CALL | SWEEP | NEUTRAL | 01/17/25 | $0.87 | $0.86 | $0.86 | $37.00 | $82.1K | 26.2K | 1.9K |
| BP | PUT | SWEEP | BEARISH | 01/16/26 | $3.6 | $3.55 | $3.55 | $33.00 | $80.9K | 1.5K | 228 |
| BP | CALL | SWEEP | BEARISH | 09/20/24 | $0.88 | $0.86 | $0.87 | $34.00 | $52.2K | 1.4K | 600 |
About BP
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, 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.
Having examined the options trading patterns of BP, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is BP Standing Right Now?
- Trading volume stands at 1,841,046, with BP's price up by 1.2%, positioned at $33.66.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 78 days.
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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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