APA Unusual Options Activity For April 04

A whale with a lot of money to spend has taken a noticeably bullish stance on APA.

Looking at options history for APA APA we detected 26 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $215,725 and 21, calls, for a total amount of $1,919,045.

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 $30.0 to $45.0 for APA 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 APA'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 APA's whale activity within a strike price range from $30.0 to $45.0 in the last 30 days.

APA Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is APA Standing Right Now?

• With a volume of 8,757,177, the price of APA is down -2.81% at $38.1.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 29 days.

What The Experts Say On APA:

• Morgan Stanley has decided to maintain their Equal-Weight rating on APA, which currently sits at a price target of $38.
• Piper Sandler has decided to maintain their Neutral rating on APA, which currently sits at a price target of $45.
• Citigroup has decided to maintain their Buy rating on APA, which currently sits at a price target of $42.
• Goldman Sachs has decided to maintain their Neutral rating on APA, which currently sits at a price target of $33.
• RBC Capital downgraded its action to Sector Perform with a price target of $54

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 APA, Benzinga Pro gives you real-time options trades alerts.