Looking At Pioneer Natural Resources's Recent Unusual Options Activity

Looking At Pioneer Natural Resources's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Pioneer Natural Resources PXD.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PXD, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Pioneer Natural Resources.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,000, and 9, calls, for a total amount of $1,482,580..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $300.0 for Pioneer Natural Resources over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Pioneer Natural Resources's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Pioneer Natural Resources's whale activity within a strike price range from $220.0 to $300.0 in the last 30 days.

Pioneer Natural Resources Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PXD CALL TRADE BULLISH 12/16/22 $280.00 $1.0M 457 1.0K
PXD CALL SWEEP NEUTRAL 01/20/23 $220.00 $110.0K 243 20
PXD CALL SWEEP NEUTRAL 12/16/22 $280.00 $52.5K 457 1.0K
PXD CALL SWEEP BEARISH 10/28/22 $260.00 $51.7K 181 53
PXD CALL SWEEP BEARISH 11/04/22 $265.00 $50.9K 274 104

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
PXD CALL TRADE BULLISH 12/16/22 $280.00 $1.0M 457 1.0K
PXD CALL SWEEP NEUTRAL 01/20/23 $220.00 $110.0K 243 20
PXD CALL SWEEP NEUTRAL 12/16/22 $280.00 $52.5K 457 1.0K
PXD CALL SWEEP BEARISH 10/28/22 $260.00 $51.7K 181 53
PXD CALL SWEEP BEARISH 11/04/22 $265.00 $50.9K 274 104

Where Is Pioneer Natural Resources Standing Right Now?

  • With a volume of 1,240,679, the price of PXD is up 1.16% at $268.56.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Pioneer Natural Resources:

  • Citigroup downgraded its action to Neutral with a price target of $240
  • Jefferies downgraded its action to Hold with a price target of $261
  • Mizuho has decided to maintain their Buy rating on Pioneer Natural Resources, which currently sits at a price target of $305.
  • Piper Sandler has decided to maintain their Overweight rating on Pioneer Natural Resources, which currently sits at a price target of $346.
  • Raymond James has decided to maintain their Strong Buy rating on Pioneer Natural Resources, which currently sits at a price target of $310.

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 Pioneer Natural Resources, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets