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TopgOptions
Feb 3, 2024 11:54 AM

BP p.l.c. Options Ahead of Earnings Short

BP p.l.c.NYSE

Description

Analyzing the options chain and the chart patterns of BP p.l.c. prior to the earnings report this week,
I would consider purchasing the 36usd strike price in the money Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



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