In Thursday’s Blitz Daily with Lance Ippolito, we take a look at oil company BP after it announced a new green energy project.
Thursday’s markets are a sea of red after another nasty gap down, selling off Wednesday’s post-Federal Reserve meeting rally and driving a surge in unusual options activity.
Even energy names were caught up in the selling including cornerstone oil and gas stock, BP.
The company announced late Wednesday it would invest more than $30 billion to spearhead an Australian renewable hydrogen production project…
While the news wasn’t enough to shake Thursday’s selling, our scanners spotted an unusually large series of bullish buys in BP’s options chain!
Of course, that wasn’t the only name hitting the tape. Check out these trades…
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