Diamondback Energy Unusual Options Activity For November 15

Diamondback Energy Unusual Options Activity For November 15

A whale with a lot of money to spend has taken a noticeably bearish stance on Diamondback Energy.

Looking at options history for Diamondback Energy FANG we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $1,140,246 and 16, calls, for a total amount of $1,183,070.

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 $7.85 to $200.0 for Diamondback Energy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Diamondback Energy options trades today is 2281.37 with a total volume of 20,824.00.

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 $7.85 to $200.0 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 Strike Price Total Trade Price Open Interest Volume
FANG PUT TRADE BULLISH 11/18/22 $180.00 $884.4K 27 25
FANG CALL SWEEP BULLISH 11/18/22 $170.00 $183.5K 6.2K 696
FANG CALL TRADE BEARISH 11/18/22 $155.00 $172.2K 2.7K 5.9K
FANG CALL TRADE BEARISH 11/18/22 $145.00 $156.1K 1.0K 3.1K
FANG CALL TRADE BEARISH 11/18/22 $150.00 $121.1K 1.2K 3.3K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FANG PUT TRADE BULLISH 11/18/22 $180.00 $884.4K 27 25
FANG CALL SWEEP BULLISH 11/18/22 $170.00 $183.5K 6.2K 696
FANG CALL TRADE BEARISH 11/18/22 $155.00 $172.2K 2.7K 5.9K
FANG CALL TRADE BEARISH 11/18/22 $145.00 $156.1K 1.0K 3.1K
FANG CALL TRADE BEARISH 11/18/22 $150.00 $121.1K 1.2K 3.3K

Where Is Diamondback Energy Standing Right Now?

  • With a volume of 2,194,485, the price of FANG is up 2.21% at $167.19.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 98 days.

What The Experts Say On Diamondback Energy:

  • Raymond James has decided to maintain their Strong Buy rating on Diamondback Energy, which currently sits at a price target of $200.
  • Credit Suisse has decided to maintain their Outperform rating on Diamondback Energy, which currently sits at a price target of $190.
  • Mizuho has decided to maintain their Buy rating on Diamondback Energy, which currently sits at a price target of $211.
  • Jefferies downgraded its action to Hold with a price target of $159
  • Piper Sandler has decided to maintain their Overweight rating on Diamondback Energy, which currently sits at a price target of $209.

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.

Posted In: BZI-UOAOptionsMarkets