BHP Billiton Limited (ADR) Unusual Bullish Options Activity Means Profits for Traders

 BHP Billiton Limited (ADR) Unusual Bullish Options Activity Means Profits for Traders

In today’s session BHP Billiton Limited (ADR) (BHP) registered an unusually high (321) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BHP increase. With 321 contracts traded and 6344 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BHP161118C00038000 closed last at: $0.57 or 7.5% up. The stock decreased 0.57% or $0.2 during the last trading session, hitting $34.65. About 3.89 million shares traded hands or 8.66% up from the average. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 36.42% since March 2, 2016 and is uptrending. It has outperformed by 27.17% the S&P500.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 18 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. BHP Billiton Limited (ADR) has been the topic of 34 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Wednesday, September 23, the company rating was maintained by JP Morgan. Bank of America upgraded BHP Billiton Limited (ADR) (NYSE:BHP) on Monday, April 18 to “Buy” rating. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Outperform” rating by Macquarie Research on Tuesday, September 20. On Wednesday, July 22 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Hold” rating by Liberum Capital given on Wednesday, August 5. On Wednesday, March 9 the stock rating was downgraded by Jefferies to “Hold”. The stock has “Hold” rating given by Societe Generale on Friday, October 2. Jefferies upgraded the stock to “Buy” rating in Monday, September 14 report. On Tuesday, August 23 the stock rating was upgraded by Jefferies to “Buy”. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Market Perform” rating given on Wednesday, January 27 by Cowen & Co.

BHP Billiton Limited is a global resources company. The company has a market cap of $88.33 billion. The Firm is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It currently has negative earnings. It is also engaged in exploration, development, production and marketing of conventional and unconventional gas and oil.

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