Financial giants have made a conspicuous bearish move on EOG Resources. Our analysis of options history for EOG Resources EOG revealed 15 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $207,064, and 9 were calls, valued at $816,263.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $108.5 to $157.5 for EOG Resources during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in EOG Resources's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to EOG Resources's substantial trades, within a strike price spectrum from $108.5 to $157.5 over the preceding 30 days.
EOG Resources 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EOG | CALL | TRADE | BEARISH | 04/19/24 | $16.9 | $16.3 | $16.21 | $120.00 | $449.0K | 990 | 398 |
| EOG | CALL | SWEEP | BULLISH | 01/17/25 | $6.6 | $6.3 | $6.54 | $157.50 | $59.4K | 1.8K | 142 |
| EOG | CALL | TRADE | BEARISH | 04/19/24 | $16.9 | $16.3 | $16.21 | $120.00 | $48.6K | 990 | 128 |
| EOG | CALL | TRADE | BEARISH | 04/19/24 | $16.9 | $16.5 | $16.21 | $120.00 | $48.6K | 990 | 165 |
| EOG | CALL | TRADE | BEARISH | 04/19/24 | $16.7 | $16.0 | $16.21 | $120.00 | $47.0K | 990 | 262 |
About EOG Resources
EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.
Having examined the options trading patterns of EOG Resources, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of EOG Resources
- Trading volume stands at 1,510,823, with EOG's price down by -0.67%, positioned at $137.03.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 21 days.
Professional Analyst Ratings for EOG Resources
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $145.4.
- Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Perform with a new price target of $155.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on EOG Resources with a target price of $132.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on EOG Resources with a target price of $163.
- An analyst from Citigroup persists with their Neutral rating on EOG Resources, maintaining a target price of $124.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on EOG Resources with a target price of $153.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest EOG Resources options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
