Whales with a lot of money to spend have taken a noticeably bearish stance on Diamondback Energy.
Looking at options history for Diamondback Energy FANG we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $136,175 and 7, calls, for a total amount of $353,233.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.29 to $211.63 for Diamondback Energy during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Diamondback Energy options trades today is 201.75 with a total volume of 440.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Diamondback Energy's big money trades within a strike price range of $170.29 to $211.63 over the last 30 days.
Diamondback Energy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FANG | CALL | SWEEP | BEARISH | 06/21/24 | $33.4 | $32.0 | $32.0 | $170.29 | $112.0K | 156 | 35 |
| FANG | PUT | SWEEP | BEARISH | 06/20/25 | $12.4 | $9.5 | $12.3 | $172.82 | $61.5K | 149 | 91 |
| FANG | CALL | SWEEP | BEARISH | 06/21/24 | $16.0 | $15.3 | $15.49 | $190.29 | $60.4K | 308 | 1 |
| FANG | CALL | SWEEP | BEARISH | 04/26/24 | $6.5 | $6.4 | $6.4 | $195.00 | $47.3K | 87 | 1 |
| FANG | PUT | TRADE | BULLISH | 01/17/25 | $23.5 | $23.0 | $23.2 | $211.63 | $44.0K | 2 | 19 |
About Diamondback Energy
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.
In light of the recent options history for Diamondback Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Diamondback Energy
- Trading volume stands at 574,637, with FANG's price down by -1.91%, positioned at $200.05.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 13 days.
What Analysts Are Saying About Diamondback Energy
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $211.2.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Diamondback Energy, which currently sits at a price target of $186.
- Reflecting concerns, an analyst from Barclays lowers its rating to Equal-Weight with a new price target of $214.
- Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Diamondback Energy with a target price of $217.
- An analyst from Stifel has decided to maintain their Buy rating on Diamondback Energy, which currently sits at a price target of $224.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Diamondback Energy, which currently sits at a price target of $215.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Diamondback Energy, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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