BP Unusual Options Activity For August 09
Portfolio Pulse from Benzinga Insights
A significant bullish stance on BP (NYSE:BP) has been observed, with unusual options activity. The sentiment among these big-money traders is 80% bullish and 20% bearish. The price target for BP over the last 3 months has been between $25.0 to $42.0. Raymond James has maintained their Outperform rating on BP, with a price target of $45.
August 09, 2023 | 3:16 pm
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Unusual bullish options activity has been observed for BP. The sentiment among big-money traders is 80% bullish and 20% bearish. Raymond James has maintained their Outperform rating on BP, with a price target of $45.
The unusual bullish options activity indicates that big-money traders are expecting the price of BP to rise. This, coupled with the Outperform rating from Raymond James, suggests a positive short-term impact on BP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100