BHP Group Unusual Options Activity For October 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BHP Group (NYSE:BHP) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 18% bullish and 81% bearish. Out of the special options uncovered, 9 are puts, for a total amount of $337,294, and 2 are calls, for a total amount of $141,020. The whales have been targeting a price range from $55.0 to $55.0 for BHP Group over the last 3 months.
October 13, 2023 | 8:31 pm
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Unusual options activity indicates a significant bearish stance on BHP Group. The sentiment of big-money traders is 81% bearish, with a target price range of $55.0.
The unusual options activity, with a significant number of puts, indicates that big-money traders are expecting the price of BHP Group to decrease. This bearish sentiment is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100