Looking At BHP Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on BHP Group (NYSE:BHP), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $42.5 to $60.0 for BHP Group over the last 3 months. The price of BHP is currently down -2.06% at $57.74, and RSI indicators suggest that the stock may be approaching oversold. BHP's next earnings are expected to be released in 11 days.
August 14, 2023 | 7:46 pm
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BHP Group has seen significant options activity, with a whale investor taking a bullish stance. The stock price is currently down, and the company's earnings are expected in 11 days.
The news of a whale investor taking a bullish stance on BHP Group could potentially attract other investors, creating a positive sentiment around the stock. However, the current price drop and the upcoming earnings release add uncertainty to the short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100