BP Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for BP (NYSE:BP), with a split sentiment of 50% bullish and 50% bearish. The activity includes 14 uncommon options trades, with 8 puts and 6 calls. The whales have been targeting a price range from $20.0 to $50.0 for BP over the last 3 months. The current price of BP is down -2.45% at $36.05. Raymond James has maintained their Outperform rating on BP, with a price target of $45.

August 04, 2023 | 12:04 pm
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NEUTRAL IMPACT
BP has seen significant unusual options activity, with a split sentiment of 50% bullish and 50% bearish. The current price of BP is down -2.45% at $36.05. Raymond James has maintained their Outperform rating on BP, with a price target of $45.
The unusual options activity indicates that there is significant interest in BP's stock, which could lead to increased volatility. The split sentiment suggests uncertainty about the stock's direction. However, the Outperform rating from Raymond James suggests a positive outlook for the stock. The current price drop could be a temporary fluctuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100