Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>
Timing: <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP (BHP AU)</a> reports annual results on Tuesday, 19 August 2025, 8:00 AM AEST. Corresponding local times for its international listings are detailed in the Insight.</li>
<li>
Highlight: Options positioning ahead of the results suggests at least one trader is making a sizeable bet on post-earnings upside.</li>
<li>
Why Read: Gain insight into BHP’s earnings-day price history , volatility setup, and options market positioning to be ready for the upcoming announcement.</li>
</ul>



Timing: BHP (BHP AU) reports annual results on Tuesday, 19 August 2025, 8:00 AM AEST. Corresponding local times for its international listings are detailed in the Insight.

Highlight: Options positioning ahead of the results suggests at least one trader is making a sizeable bet on post-earnings upside.

Why Read: Gain insight into BHP’s earnings-day price history , volatility setup, and options market positioning to be ready for the upcoming announcement.


BHP (BHP AU) Annual Results: Options Market Bets on Post-Earnings Upside

Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>BHP Group's fourth quarter operational report resulted in record iron ore and copper production for FY25.</li><li>Weaker commodity pricing and delays at Jansen potash provided negative offsets</li></ul>

BHP Group's fourth quarter operational report resulted in record iron ore and copper production for FY25.Weaker commodity pricing and delays at Jansen potash provided negative offsets

BHP Battling Rising Costs, Production Challenges

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>BHP Group Limited's performance in the first half of the 2025 financial year illustrates a mix of strategic advancements and operational challenges in its diverse portfolio.</li><li>The first half results showcase several strengths and areas for further focus as the company navigates a complex global mining landscape.</li><li>A key positive from BHP’s recent performance is the record output in its Western Australian iron ore operations, which achieved the lowest production costs globally.</li></ul>

BHP Group Limited's performance in the first half of the 2025 financial year illustrates a mix of strategic advancements and operational challenges in its diverse portfolio.The first half results showcase several strengths and areas for further focus as the company navigates a complex global mining landscape.A key positive from BHP’s recent performance is the record output in its Western Australian iron ore operations, which achieved the lowest production costs globally.

BHP Group: Initiation of Coverage- Inside the $4.4 Billion Profit Engine Fueling the Next Commodity Supercycle!

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

<ul>
<li>Top miners like <a href="https://www.smartkarma.com/entities/bhp-group-ltd" target="_blank" data-smartkarma-citation="entities:147:1" rel="noopener">BHP Group Ltd (BHP AU)</a> and <a href="https://www.smartkarma.com/entities/teck-resources-ltd-36dbdad5-1430-4d7a-8578-31bc50086f72" target="_blank" data-smartkarma-citation="entities:33343:1" rel="noopener">Teck Resources (TECK US)</a> are signaling their long-term bullish copper intent through their recent corporate actions. </li>
<li>Copper may experience short periods of oversupply, but its long-term outlook makes it one of the best commodities we cover in terms of return potential. </li>
<li>Our best plays in the copper space are <a href="https://www.smartkarma.com/entities/southern-copper-corp" target="_blank" data-smartkarma-citation="entities:16279:1" rel="noopener">Southern Copper (SCCO US)</a>, <a href="https://www.smartkarma.com/entities/teck-resources-ltd-36dbdad5-1430-4d7a-8578-31bc50086f72" target="_blank" data-smartkarma-citation="entities:33343:1" rel="noopener">Teck Resources (TECK US)</a> and <a href="https://www.smartkarma.com/entities/freeport-mcmoran-inc" target="_blank" data-smartkarma-citation="entities:12491:1" rel="noopener">Freeport Mcmoran (FCX US)</a>
</li>
</ul>


Top miners like BHP Group Ltd (BHP AU) and Teck Resources (TECK US) are signaling their long-term bullish copper intent through their recent corporate actions. 
Copper may experience short periods of oversupply, but its long-term outlook makes it one of the best commodities we cover in terms of return potential. 
Our best plays in the copper space are Southern Copper (SCCO US), Teck Resources (TECK US) and Freeport Mcmoran (FCX US)



Copper Primer: What We Like About Copper And What to Play

Bayon Financial

Graeme Cunningham

Independent Insight Provider

Bayon Financial provides industry and company analysis focusing on mid and small cap equity research coverage across a range of sectors including mining, financials and telecoms.

<ul>
<li>A volatile metal price has boosted the risk for BHP’s remaining strong major segment, copper, while the other two key divisions, iron ore and coal, are still sluggish</li>
<li>We forecast a weaker 2025E-2026E than consensus, given the risk that global demand disappoints and continues to pressure metal prices for BHP’s three key segments</li>
<li>Our conservative valuation puts BHP near fair value, and while the P/B of 2.4x is only moderately elevated versus recent history, we see the risks weighted to the downside</li>
</ul>


A volatile metal price has boosted the risk for BHP’s remaining strong major segment, copper, while the other two key divisions, iron ore and coal, are still sluggish
We forecast a weaker 2025E-2026E than consensus, given the risk that global demand disappoints and continues to pressure metal prices for BHP’s three key segments
Our conservative valuation puts BHP near fair value, and while the P/B of 2.4x is only moderately elevated versus recent history, we see the risks weighted to the downside


BHP: Last Strong Driver (Copper) Turns Volatile

Australia

BHP Group Limited operates as a mining company.  The Companyengages in the exploration, development, production and processing of iron ore, metallurgical coal, and copper. BHP Group serves customers worldwide.

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BHP Group Ltd (BHP LN)

BHP (BHP AU) Annual Results: Options Market Bets on Post-Earnings Upside

BHP to report annual results on August 19, with options suggesting bullish post-earnings move. Gain insight into earnings history and market...

Gaudenz Schneider

BHP Battling Rising Costs, Production Challenges

BHP Group's fourth quarter operational report resulted in record iron ore and copper production for FY25. Weaker commodity pricing and delays at...

FNArena

BHP Group: Initiation of Coverage- Inside the $4.4 Billion Profit Engine Fueling the Next Commodity Supercycle!

BHP Group Limited's performance in the first half of the 2025 financial year illustrates a mix of strategic advancements and operational...

Baptista Research

Copper Primer: What We Like About Copper And What to Play

We initiate with a primer on the copper sector. We elaborate on our fundamental rationale for being bullish on the metal and discuss different ways...

Sameer Taneja

BHP: Last Strong Driver (Copper) Turns Volatile

BHP's last remaining strong division, copper, is at risk from a recently volatile metal price, while its other two key segments iron ore and copper...

Graeme Cunningham

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52-week Range

Market Cap (USDm)

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BHP (BHP AU) Annual Results: Options Market Bets on Post-Earnings Upside

​BHP to report annual results on August 19, with options suggesting bullish post-earnings move. Gain insight into earnings history and market...

Gaudenz Schneider

BHP Battling Rising Costs, Production Challenges

BHP Group's fourth quarter operational report resulted in record iron ore and copper production for FY25. Weaker commodity pricing and delays at...

FNArena

BHP Group: Initiation of Coverage- Inside the $4.4 Billion Profit Engine Fueling the Next Commodity Supercycle!

BHP Group Limited's performance in the first half of the 2025 financial year illustrates a mix of strategic advancements and operational...

Baptista Research

Copper Primer: What We Like About Copper And What to Play

We initiate with a primer on the copper sector. We elaborate on our fundamental rationale for being bullish on the metal and discuss different ways...

Sameer Taneja

BHP: Last Strong Driver (Copper) Turns Volatile

BHP's last remaining strong division, copper, is at risk from a recently volatile metal price, while its other two key segments iron ore and copper...

Graeme Cunningham

BHP to report annual results on August 19, with options suggesting bullish post-earnings move. Gain insight into earnings history and market...