BP Sees Unusually Large Options Volume (NYSE:BP)

BP Sees Unusually Large Options Volume (NYSE:BP)

BP p.l.c. (NYSE:BP - Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 43,499 call options on the company. Thisrepresentsanincreaseofapproximately54% compared to the typical volume of 28,313 call options.

Unusual Options Volume? Why Only BP Stock Passed the Quantitative Sniff Test

While there were 500 securities sparking unusual activity in the derivatives sector, only BP stock was intriguing. Here’s the mathematical reason why.