Investors with a lot of money to spend have taken a bearish stance on BP BP.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for BP.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $32,512, and 7, calls, for a total amount of $1,612,866.
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 $30.0 to $37.0 for BP over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BP's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BP's substantial trades, within a strike price spectrum from $30.0 to $37.0 over the preceding 30 days.
BP Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BP | CALL | TRADE | BEARISH | 05/16/25 | $0.71 | $0.68 | $0.69 | $36.00 | $1.1M | 1.1K | 20.0K |
| BP | CALL | TRADE | BEARISH | 07/18/25 | $1.68 | $1.63 | $1.63 | $35.00 | $162.8K | 3.3K | 1.0K |
| BP | CALL | SWEEP | BEARISH | 05/16/25 | $0.72 | $0.7 | $0.7 | $36.00 | $70.1K | 1.1K | 2.0K |
| BP | CALL | SWEEP | BEARISH | 05/16/25 | $0.73 | $0.7 | $0.7 | $36.00 | $70.0K | 1.1K | 1.0K |
| BP | CALL | TRADE | BEARISH | 09/19/25 | $1.3 | $1.25 | $1.26 | $37.00 | $46.4K | 2.9K | 369 |
About BP
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.2 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
After a thorough review of the options trading surrounding BP, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of BP
- Trading volume stands at 8,201,917, with BP's price up by 0.34%, positioned at $34.41.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 34 days.
What Analysts Are Saying About BP
In the last month, 1 experts released ratings on this stock with an average target price of $36.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from TD Securities has revised its rating downward to Hold, adjusting the price target to $36.
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.
Edge Rankings
Price Trend
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