Whales with a lot of money to spend have taken a noticeably bearish stance on BHP Group.
Looking at options history for BHP Group BHP we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $729,315 and 3, calls, for a total amount of $383,240.
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 $85.0 for BHP Group over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in BHP Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to BHP Group's substantial trades, within a strike price spectrum from $32.5 to $85.0 over the preceding 30 days.
BHP Group Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BHP | CALL | TRADE | BULLISH | 02/16/24 | $32.50 | $327.2K | 55 | 0 |
| BHP | PUT | SWEEP | BEARISH | 01/17/25 | $50.00 | $163.7K | 3.4K | 896 |
| BHP | PUT | SWEEP | BEARISH | 01/17/25 | $50.00 | $116.2K | 3.4K | 481 |
| BHP | PUT | SWEEP | BULLISH | 06/21/24 | $85.00 | $113.2K | 335 | 92 |
| BHP | PUT | SWEEP | BULLISH | 05/17/24 | $85.00 | $109.0K | 457 | 1 |
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.
Present Market Standing of BHP Group
- Trading volume stands at 1,531,205, with BHP's price up by 2.51%, positioned at $62.55.
- RSI indicators show the stock to be may be approaching overbought.
- 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 BHP Group 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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