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: Jan 21, 2028
Days to expiration: 468
Share price: $86.74
Put/call ratio (OI): 0.40
Put/call ratio (volume): 1.01
ATM implied volatility: 33.8%
Expected move: ±$33.23
Open interest (C / P): 6.05K / 2.44K

BHP options summary

The BHP options chain for the January 21, 2028 expiration lists 38 call and 32 put contracts, with 468 days until expiration. Open interest stands at 6,053 calls and 2,444 puts, a put/call ratio of 0.40, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $87.50 strike is 33.8%, which implies the market expects a move of about ±$33.23 (38.3%) in BHP Group stock by expiration.

The most open interest sits at the $70.00 call (1.12K contracts) and the $97.50 put (782 contracts).

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

BHP options chain · January 21, 2028

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
4	15	54.5%	66.90	58.80	60.40	27.50	0.00	0.00	0.65	25.0%	1	0
2	5	51.8%	63.65	56.40	57.90	30.00	0.00	0.65	0.45	56.7%	2	39
6	2	—	23.70	22.50	25.50	32.50	0.00	0.85	0.73	55.9%	6	265
6	25	58.2%	59.50	51.50	53.10	35.00	0.00	0.00	0.70	12.5%	40	0
0	5	55.4%	56.00	49.10	50.70	37.50	0.00	0.00	0.82	12.5%	25	0
7	1	54.4%	53.59	46.70	48.50	40.00	0.00	5.00	1.25	60.4%	2	109
4	25	47.3%	52.00	44.40	45.60	42.50	0.60	1.05	0.92	44.4%	21	35
11	1	46.6%	48.90	42.10	43.40	45.00	0.75	1.25	1.20	43.2%	1	31
12	1	—	35.65	35.50	39.10	47.50	0.95	1.45	1.45	41.9%	1	8
25	15	45.0%	38.50	37.60	39.10	50.00	1.20	1.65	1.35	40.4%	1	45
31	1	43.7%	41.42	35.40	36.90	52.50	1.50	2.25	2.80	41.3%	1	26
141	9	43.2%	32.62	33.30	34.90	55.00	1.80	2.25	2.30	38.4%	37	154
45	1	41.6%	30.98	31.30	32.70	57.50	2.20	2.65	3.10	37.6%	1	56
191	1	41.2%	30.57	29.40	30.80	60.00	0.00	0.00	2.91	6.3%	2	0
31	1	40.5%	27.45	27.40	28.90	62.50	3.10	3.60	3.30	36.2%	2	82
181	2	39.7%	24.81	25.70	27.00	65.00	3.70	4.20	3.70	35.7%	3	83
34	1	39.1%	23.40	23.90	25.20	67.50	4.30	4.80	4.96	35.0%	1	86
1,122	1	38.6%	21.30	22.30	23.50	70.00	5.00	5.60	5.90	34.7%	2	75
418	5	37.6%	20.30	20.70	21.70	72.50	5.80	6.30	5.30	34.0%	1	27
192	13	37.3%	20.00	19.20	20.20	75.00	6.70	7.20	7.56	33.6%	10	57
111	4	36.9%	17.09	17.80	18.70	77.50	7.60	8.20	8.60	33.3%	1	126
484	1	36.2%	17.05	16.50	17.20	80.00	8.70	9.20	8.30	32.8%	1	20
15	2	36.3%	17.10	15.20	16.00	82.50	9.80	10.30	10.88	32.4%	1	42
225	4	35.8%	14.25	14.00	14.70	85.00	8.80	10.10	14.90	28.3%	1	1
BHP $86.74
41	30	35.5%	14.10	12.90	13.50	87.50	8.00	13.00	16.11	32.2%	1	2
401	2	35.4%	11.25	11.90	12.50	90.00	13.60	16.30	14.50	36.9%	2	124
17	3	35.3%	11.50	10.90	11.50	92.50	15.00	17.70	15.30	36.4%	10	50
102	3	35.2%	10.20	10.00	10.60	95.00	16.50	19.50	15.10	36.8%	16	49
765	2	34.9%	9.40	9.20	9.70	97.50	18.10	21.00	18.70	36.4%	12	782
685	3	35.1%	8.00	8.40	9.00	100.00	19.80	22.50	18.00	35.7%	7	32
94	5	34.9%	7.10	7.00	7.60	105.00	23.20	24.00	24.20	29.9%	13	27
249	1	34.8%	5.82	5.90	6.40	110.00	26.90	27.80	24.10	29.5%	10	11
74	1	35.0%	5.10	4.90	5.50	115.00	—	—	—	—	—	—
112	32	35.1%	4.40	4.10	4.70	120.00	—	—	—	—	—	—
78	5	35.2%	4.38	3.50	4.00	125.00	—	—	—	—	—	—
43	2	35.2%	5.20	2.95	3.40	130.00	—	—	—	—	—	—
85	2	35.1%	2.90	2.50	2.85	135.00	—	—	—	—	—	—
9	1	35.3%	2.00	2.10	2.45	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 January 21, 2028 expiration, the BHP put/call ratio based on open interest is 0.40 (2,444 puts vs 6,053 calls), and 1.01 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 January 21, 2028 is about 33.8%, 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.