Looking At Pioneer Natural Resources's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish 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.

So how do we know what this whale just did?

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

This isn't normal.

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

Out of all of the special options we uncovered, 3 are puts, for a total amount of $195,960, and 7 are calls, for a total amount of $367,300.

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 $230.0 to $240.0 for Pioneer Natural Resources over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Pioneer Natural Resources options trades today is 136.0 with a total volume of 2,625.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Pioneer Natural Resources's big money trades within a strike price range of $230.0 to $240.0 over 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 PUT TRADE BEARISH 01/17/25 $240.00 $131.0K 166 0
PXD CALL SWEEP BULLISH 10/13/23 $240.00 $112.2K 34 0
PXD CALL SWEEP BULLISH 10/13/23 $240.00 $61.1K 34 1.0K
PXD CALL SWEEP BEARISH 10/13/23 $240.00 $56.0K 34 810
PXD CALL SWEEP BULLISH 10/13/23 $240.00 $40.9K 34 511

Where Is Pioneer Natural Resources Standing Right Now?

  • With a volume of 671,751, the price of PXD is down -1.41% at $230.64.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 36 days.

What The Experts Say On Pioneer Natural Resources:

  • Mizuho has decided to maintain their Buy rating on Pioneer Natural Resources, which currently sits at a price target of $301.
  • Jefferies has decided to maintain their Hold rating on Pioneer Natural Resources, which currently sits at a price target of $265.

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.

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Posted In: OptionsMarketsBZI-UOA
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