Deep-pocketed investors have adopted a bearish approach towards Antero Resources AR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Antero Resources. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 87% bearish. Among these notable options, 5 are puts, totaling $288,158, and 3 are calls, amounting to $299,003.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $26.0 to $42.0 for Antero Resources over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Antero Resources stands at 1224.0, with a total volume reaching 605.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Antero Resources, situated within the strike price corridor from $26.0 to $42.0, throughout the last 30 days.
Antero Resources Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AR | PUT | SWEEP | BEARISH | 08/16/24 | $8.9 | $8.8 | $8.9 | $41.00 | $169.9K | 216 | 1 |
| AR | CALL | SWEEP | BULLISH | 01/17/25 | $1.61 | $1.54 | $1.61 | $42.00 | $160.6K | 1.6K | 5 |
| AR | CALL | TRADE | BEARISH | 05/17/24 | $6.6 | $6.5 | $6.5 | $26.00 | $106.6K | 2.6K | 164 |
| AR | PUT | SWEEP | BEARISH | 08/16/24 | $7.0 | $6.9 | $7.0 | $39.00 | $35.0K | 3 | 64 |
| AR | CALL | SWEEP | BEARISH | 11/15/24 | $1.44 | $1.41 | $1.41 | $40.00 | $31.7K | 1.6K | 6 |
About Antero Resources
Antero Resources Corp, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 35% liquids and 65% natural gas.
Having examined the options trading patterns of Antero 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 Antero Resources
- With a trading volume of 1,703,231, the price of AR is up by 1.29%, reaching $33.08.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 83 days from now.
What Analysts Are Saying About Antero Resources
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $32.4.
- An analyst from Scotiabank has decided to maintain their Sector Perform rating on Antero Resources, which currently sits at a price target of $40.
- An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $36.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Antero Resources with a target price of $27.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Antero Resources, targeting a price of $27.
- An analyst from Barclays has revised its rating downward to Equal-Weight, adjusting the price target to $32.
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 Antero Resources, 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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