Trade of the Week: BP | Investors Alley

Trade of the Week: BP

February 14, 2023 6:53 am by Jay Soloff

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Oil giant BP (BP) posted strong earnings last week, accompanied by a dividend hike and share buyback. The stock price jumped from $34 to over $38 in just two days. Judging by a block trade in BP options, the stock could remain elevated into March. A trader purchased 10,000 covered calls which collect about 1% in premiums in a lit

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