BP Unusual Options Activity For October 26
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BP (NYSE:BP) as indicated by unusual options activity. The sentiment among big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $30.0 to $43.0 for BP over the last 3 months. The current price of BP is down -0.93% at $38.7. The next earnings are expected to be released in 5 days.
October 26, 2023 | 6:20 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on BP. The sentiment among big-money traders is 63% bearish. The current price of BP is down -0.93% at $38.7.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in BP's stock price. The current price drop of -0.93% further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100