This Is What Whales Are Betting On Diamondback Energy

Someone with a lot of money to spend has taken a bearish stance on Diamondback Energy FANG.

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 FANG, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Diamondback Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $207,960, and 8 are calls, for a total amount of $418,414.

Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share

• Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
• Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
• Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.

Share Price: $0.80

Min. Investment: $1,000

Valuation: $3.5B

Click Here To Invest For Just $0.80/Share ($1000 Min)

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 $117.85 to $150.0 for Diamondback Energy 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 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 activity within a strike price range from $117.85 to $150.0 in the last 30 days.

Diamondback Energy Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Diamondback Energy Standing Right Now?

• With a volume of 1,543,374, the price of FANG is down -2.18% at $127.65.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 81 days.

What The Experts Say On Diamondback Energy:

• Stifel has decided to maintain their Buy rating on Diamondback Energy, which currently sits at a price target of $180.
• Wells Fargo has decided to maintain their Overweight rating on Diamondback Energy, which currently sits at a price target of $162.
• Goldman Sachs has decided to maintain their Buy rating on Diamondback Energy, which currently sits at a price target of $163.
• Raymond James has decided to maintain their Strong Buy rating on Diamondback Energy, which currently sits at a price target of $190.
• Raymond James has decided to maintain their Strong Buy rating on Diamondback Energy, which currently sits at a price target of $173.

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.