BP Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for BP (NYSE:BP), with a bearish sentiment among big-money traders. Benzinga's options scanner spotted 10 uncommon options trades for BP, split between 40% bullish and 60% bearish. The big players have been eyeing a price window from $13.0 to $40.0 for BP during the past quarter. The current price of BP is up by 1.12%, reaching $34.85. An analyst from Raymond James holds an Outperform rating for BP, targeting a price of $43.

November 09, 2023 | 4:31 pm
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Unusual options activity has been observed for BP, indicating a bearish sentiment among big-money traders. The current price of BP is up by 1.12%, reaching $34.85. An analyst from Raymond James holds an Outperform rating for BP, targeting a price of $43.
The unusual options activity indicates that big-money traders are taking a bearish stance on BP, which could potentially impact the stock price. However, the current price of BP is up and an analyst from Raymond James has given an Outperform rating for BP, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100