Bullish option flow detected in BP (BP) with 15,808 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 31.60%. Feb-25 32 calls and Mar-25 30 puts are the most active options, with total volume in those strikes near 12,500 contracts. The Put/Call Ratio is 0.38. Earnings are expected on February 11th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BP:
- BP Axes Thousands of Jobs as CEO Pressure Builds
- BP to cut thousands of internal, contractor jobs, Bloomberg reports
- BP call volume above normal and directionally bullish
- BP price target lowered to $30 from $31 at Wells Fargo
- Supreme Court denies bid by oil firms to end Honolulu’s suit, Reuters says
