US EditionUnusual Options Activity: BP (BP)
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Unusual Options Activity: BP (BP)
Oil and gas exploration and production giant BP (BP) has traded down 24% over the past year, as energy prices have remained lackluster. One trader sees shares trending higher by the end of the month. That’s based on the May 30 $31 calls. With 17 days until expiration, 27,223 contracts traded compared to a prior open interest of 237, for a 115-fold rise in volume on the trade. The buyer of the calls paid $0.38 to make the bullish bet. BP shares r…
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