Looking At BHP Group's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 11 options trades for BHP Group (NYSE:BHP) totaling $330,865. Whales have been targeting a price range from $55.0 to $65.0 for BHP Group over the last 3 months. The price of BHP is up 0.47% at $58.08. RSI indicators suggest the stock may be approaching overbought. Next earnings are expected in 128 days.
October 17, 2023 | 6:46 pm
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BHP Group has seen significant options activity, with a targeted price range of $55-$65. The stock price is currently up 0.47% at $58.08.
The unusual options activity indicates that large investors are showing interest in BHP Group. This could potentially drive the stock price up in the short term. However, the RSI indicators suggest the stock may be approaching overbought, which could lead to a price correction.
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IMPORTANCE 75
RELEVANCE 100