BHP Group (BHP) Options Chain

NYSE: BHPEnergyCoal MiningUSD

86.74+1.91 (+2.25%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $86.74
Put/call ratio (OI): 1.50
Put/call ratio (volume): 0.05
ATM implied volatility: 33.1%
Expected move: ±$12.38
Open interest (C / P): 8.80K / 13.19K

BHP options summary

The BHP options chain for the December 18, 2026 expiration lists 32 call and 31 put contracts, with 68 days until expiration. Open interest stands at 8,797 calls and 13,190 puts, a put/call ratio of 1.50, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $87.50 strike is 33.1%, which implies the market expects a move of about ±$12.38 (14.3%) in BHP Group stock by expiration.

The most open interest sits at the $87.50 call (2.02K contracts) and the $87.50 put (2.50K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

BHP options chain · December 18, 2026

BHP calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	30.00	0.00	1.05	0.10	141.8%	1	72
—	—	—	—	—	—	32.50	0.00	0.00	0.20	50.0%	4	0
—	—	—	—	—	—	37.50	0.10	0.80	0.82	111.0%	5	6
3	5	90.3%	51.70	46.30	47.60	40.00	0.00	0.20	0.16	80.9%	5	290
—	—	—	—	—	—	42.50	0.80	1.35	0.99	116.3%	—	1
0	1,330	83.3%	47.60	41.40	42.70	45.00	0.00	0.00	0.10	25.0%	3	0
0	30	77.3%	44.30	38.90	40.20	47.50	0.00	0.00	0.20	25.0%	41	0
3	150	69.2%	42.80	36.40	37.60	50.00	0.00	0.10	0.15	54.1%	13	197
0	20	65.9%	39.80	34.00	35.10	52.50	0.70	1.00	1.25	81.8%	2	166
1	2	64.1%	36.53	31.50	32.80	55.00	0.00	0.10	0.15	50.2%	5	101
0	2,100	57.2%	35.30	29.00	30.20	57.50	0.05	0.20	0.20	51.3%	4	127
1	1,655	53.7%	32.70	26.60	27.70	60.00	0.05	0.20	0.17	46.7%	2	145
0	3,893	51.2%	30.20	24.10	25.40	62.50	0.10	0.30	0.20	45.6%	1	786
0	2,185	60.5%	27.90	21.70	23.10	65.00	0.15	0.35	0.50	42.4%	4	1,370
8	500	54.7%	24.90	19.40	20.60	67.50	0.25	0.45	0.37	40.1%	1	177
1	190	46.4%	23.50	17.10	17.90	70.00	0.40	0.60	0.49	38.2%	1	923
0	1	—	19.00	0.00	0.00	72.50	0.60	0.80	0.80	36.3%	1	704
146	2	43.8%	12.15	12.70	13.70	75.00	0.90	1.10	1.04	34.9%	235	341
26	2	40.3%	9.55	10.70	11.50	77.50	1.30	1.55	2.00	34.0%	1	685
560	1	38.8%	8.95	8.90	9.60	80.00	1.90	2.15	2.50	33.1%	3	659
1,025	1	36.2%	7.98	7.30	7.70	82.50	2.65	2.90	2.82	32.2%	4	890
510	10	35.5%	5.77	5.90	6.20	85.00	3.60	3.90	3.89	31.7%	200	1,807
BHP $86.74
2,018	2	34.9%	4.70	4.60	4.90	87.50	4.80	5.10	5.00	31.2%	5	2,496
851	2	34.4%	4.19	3.50	3.80	90.00	6.20	6.50	7.10	30.6%	1	521
164	10	33.7%	2.60	2.65	2.85	92.50	7.80	8.20	8.20	30.8%	3	130
573	8	33.6%	1.55	1.95	2.15	95.00	9.60	10.10	12.50	31.1%	1	228
227	1	33.5%	1.49	1.40	1.60	97.50	11.60	12.20	13.55	32.1%	1	72
1,804	6	33.7%	1.20	1.00	1.20	100.00	13.60	14.50	10.80	34.1%	7	120
259	4	34.7%	0.50	0.50	0.70	105.00	15.40	16.20	19.28	—	75	76
132	4	36.4%	0.30	0.30	0.45	110.00	19.60	20.50	23.50	—	—	50
245	1	38.1%	0.25	0.15	0.30	115.00	—	—	—	—	—	—
123	3	39.5%	0.10	0.05	0.20	120.00	29.00	30.00	32.88	—	—	50
2	1	41.5%	0.52	0.05	0.15	125.00	—	—	—	—	—	—
50	—	45.2%	0.74	0.00	0.15	130.00	—	—	—	—	—	—
2	1	50.8%	0.05	0.00	0.20	135.00	—	—	—	—	—	—
63	—	51.9%	0.05	0.00	0.15	140.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the BHP put/call ratio?

For the December 18, 2026 expiration, the BHP put/call ratio based on open interest is 1.50 (13,190 puts vs 8,797 calls), and 0.05 based on today's volume. A ratio above 1 means more puts than calls.

What is BHP's implied volatility?

At-the-money implied volatility for BHP options expiring December 18, 2026 is about 33.1%, an annualized estimate of how much the market expects BHP Group stock to move.

How many BHP option expiration dates are there?

BHP has 11 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.