Benzinga's options scanner just detected over 12 options trades for BP BP summing a total amount of $627,615.
At the same time, our algo caught 2 for a total amount of 106,761.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $39.0 for BP over the recent three months.
Insights into Volume & Open Interest
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 $39.0 over the preceding 30 days.
BP Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| 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 | $1.81 | $1.72 | $1.8 | $37.00 | $90.0K | 14.6K | 504 |
| BP | CALL | SWEEP | BULLISH | 01/17/25 | $1.81 | $1.72 | $1.8 | $37.00 | $89.8K | 14.6K | 2.5K |
| BP | CALL | SWEEP | BULLISH | 01/17/25 | $1.79 | $1.75 | $1.79 | $37.00 | $84.8K | 14.6K | 1.0K |
| BP | CALL | TRADE | BULLISH | 09/20/24 | $0.92 | $0.88 | $0.91 | $37.00 | $81.9K | 2.1K | 904 |
| BP | PUT | SWEEP | BULLISH | 10/18/24 | $1.44 | $1.42 | $1.42 | $35.00 | $70.7K | 438 | 500 |
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.
In light of the recent options history for BP, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of BP
- With a volume of 4,772,973, the price of BP is up 0.03% at $35.34.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 54 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 BP with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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