Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga Insights

Check Out What Whales Are Doing With EOG

Someone with a lot of money to spend has taken a bearish stance on EOG Resources (NYSE:EOG).

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

Today, Benzinga's options scanner spotted 13 options trades for EOG Resources.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,180, and 12, calls, for a total amount of $609,124..

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 $43.7 to $153.5 for EOG Resources 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 EOG Resources'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 EOG Resources's whale activity within a strike price range from $43.7 to $153.5 in the last 30 days.

EOG 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
EOG CALL TRADE BULLISH 11/18/22 $120.00 $108.0K 694 204
EOG CALL TRADE BEARISH 11/18/22 $120.00 $95.5K 694 100
EOG CALL SWEEP BEARISH 11/18/22 $120.00 $53.5K 694 249
EOG CALL TRADE BULLISH 11/25/22 $125.00 $47.5K 1 51
EOG CALL SWEEP BEARISH 11/25/22 $125.00 $47.0K 1 101

Where Is EOG Resources Standing Right Now?

  • With a volume of 1,494,446, the price of EOG is up 2.95% at $127.1.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 21 days.

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

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.