I opened $BP 20240517 37.5 PUT$  ,🛢️ BP is an attractive play now, as it trades at a P/E ratio of 7.60, well below its industry average of 9.51. Over the past year, BP’s Forward P/E ranged from 5.27 to 7.82, typically staying around 6.64. Additionally, BP’s P/B ratio stands at 1.30, favorable compared to its industry’s average of 1.52, signaling good value relative to its book assets. Its P/S ratio of 0.52, which compares sales to stock price, also stands out positively against the industry average of 0.65, reflecting a solid performance indicator that’s harder to manipulate. Add to this, the P/CF ratio of 3.65 emphasizes BP’s strong cash flow perspective, notably better than the industry average of 5.46. BP’s P/CF has ranged from 2.46 to 3.66 over the last year. With these positive indicators and strong support levels at GEX 38 and 38.5 as key zones of support, I’m leaning towards a bullish outlook in the near term and considering entering a cash-secured put position on BP. Keep those oil taps flowing! 🚀