This Is What Whales Are Betting On BHP Group
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on BHP Group (NYSE:BHP) as evidenced by a large position in the company's options. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $35.0 to $70.0 for BHP Group over the last 3 months. The price of BHP is currently down -2.67% at $55.94.
September 21, 2023 | 6:32 pm
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POSITIVE IMPACT
A large bullish position has been taken on BHP Group's options, indicating a potential positive short-term impact on the stock. However, the current price is down -2.67%.
The large bullish position taken on BHP Group's options indicates that big-money traders are expecting the stock to rise in the short term. This could potentially lead to an increase in demand for the stock, pushing its price up. However, the current price is down -2.67%, which might indicate some market volatility or uncertainty around the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100