Whales with a lot of money to spend have taken a noticeably bearish stance on BP.
Looking at options history for BP BP we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $520,225 and 6, calls, for a total amount of $388,944.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $40.0 for BP over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of BP stands at 3516.0, with a total volume reaching 10,266.00. 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 $30.0 to $40.0, throughout the last 30 days.
BP 30-Day Option Volume & Interest Snapshot
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 | BEARISH | 01/16/26 | $1.64 | $1.6 | $1.6 | $35.00 | $153.6K | 3.9K | 29 |
| BP | CALL | TRADE | BEARISH | 01/16/26 | $0.72 | $0.69 | $0.69 | $40.00 | $114.9K | 4.5K | 1.7K |
| BP | PUT | SWEEP | BEARISH | 03/21/25 | $1.0 | $0.95 | $1.0 | $30.00 | $113.9K | 2.8K | 1.2K |
| BP | PUT | TRADE | BEARISH | 03/21/25 | $1.03 | $0.98 | $1.01 | $30.00 | $101.0K | 2.8K | 2.2K |
| BP | PUT | SWEEP | BULLISH | 04/17/25 | $3.55 | $3.5 | $3.5 | $34.00 | $68.2K | 992 | 195 |
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 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.
Where Is BP Standing Right Now?
- Currently trading with a volume of 2,512,532, the BP's price is down by -0.5%, now at $31.53.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 21 days.
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Overview Rating:
Speculative
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