Diamondback Energy Unusual Options Activity For December 06

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 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 83% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $682,920 and 5, calls, for a total amount of $742,930.

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 $118.84 to $163.84 for Diamondback Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Diamondback Energy'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 Diamondback Energy's whale trades within a strike price range from $118.84 to $163.84 in 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 CALL SWEEP NEUTRAL 02/17/23 $135.00 $485.3K 24 756
FANG PUT SWEEP BULLISH 01/20/23 $141.19 $148.0K 1.8K 202
FANG PUT SWEEP BEARISH 12/16/22 $163.84 $147.0K 3.3K 79
FANG CALL SWEEP BEARISH 02/17/23 $160.00 $144.8K 2 761
FANG PUT SWEEP BEARISH 12/16/22 $163.84 $126.0K 3.3K 209

Where Is Diamondback Energy Standing Right Now?

  • With a volume of 1,320,725, the price of FANG is down -2.18% at $138.91.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 77 days.

What The Experts Say On Diamondback Energy:

  • Piper Sandler has decided to maintain their Overweight rating on Diamondback Energy, which currently sits at a price target of $214.
  • Credit Suisse has decided to maintain their Outperform rating on Diamondback Energy, which currently sits at a price target of $190.
  • Credit Suisse has decided to maintain their Outperform rating on Diamondback Energy, which currently sits at a price target of $195.
  • Keybanc has decided to maintain their Overweight rating on Diamondback Energy, which currently sits at a price target of $182.
  • Johnson Rice upgraded its action to Buy with a price target of $210

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.

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Posted In: OptionsMarketsBZI-UOA
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