Investors with a lot of money to spend have taken a bullish 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 15 options trades for BP.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,414, and 14, calls, for a total amount of $1,806,432.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $40.0 for BP, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for BP options trades today is 2697.1 with a total volume of 7,463.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BP's big money trades within a strike price range of $25.0 to $40.0 over the last 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 | 12/20/24 | $2.36 | $2.3 | $2.31 | $40.00 | $577.5K | 3.1K | 2.5K |
| BP | CALL | TRADE | BEARISH | 06/20/25 | $9.55 | $9.5 | $9.5 | $30.00 | $190.0K | 0 | 200 |
| BP | CALL | SWEEP | BULLISH | 06/20/25 | $9.65 | $9.45 | $9.65 | $30.00 | $168.8K | 0 | 500 |
| BP | CALL | SWEEP | BULLISH | 01/16/26 | $10.1 | $9.85 | $10.1 | $30.00 | $151.5K | 3.4K | 450 |
| BP | CALL | TRADE | BULLISH | 01/16/26 | $10.0 | $10.0 | $10.0 | $30.00 | $150.0K | 3.4K | 250 |
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.
Where Is BP Standing Right Now?
- With a volume of 7,702,528, the price of BP is up 2.0% at $38.7.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 28 days.
Professional Analyst Ratings for BP
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $41.15.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on BP with a target price of $40.
- Showing optimism, an analyst from Jefferies upgrades its rating to Buy with a revised price target of $42.
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.
© 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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