Evening Jermaynew, long time no speak.BHP chart shows it could...

Evening Jermaynew, long time no speak.
BHP chart shows it could struggle in the short term.
You want a good put option, but really a better play would be a covered call, in my opinion of course.
BHP has next support at $34. This is the last previous bounce point and the fibonacci 38.2% retracement level.
If that were to fail, then you get support at $29 - which is the 50% fibonacci retracement and also the region of the longer term up sloping trendline.
If you were to write say a dec $40 call option, you would receive around $1-85 per share based on todays last trade.
I dont know your entry price, but if you were exercised, you would in fact be selling your shares for $40 + $1.85 =$41.85.
If you are not exercised then you make $1-85 per share, and can simply write another covered call if you wish.
There is some pretty serious overhead resistance at $42 on the chart, so this strategy would probably see you retain your shares, or at least part with them at the best shorter term price I believe.
Good luck, hope this helps.
Cheers
Commy

Daily Chart looks like this, sorry the chart is zoomed out to show long term trend line.




Weekly Chart looks like this