High-rolling investors have positioned themselves bullish on Antero Resources AR, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 18 options trades for Antero Resources. This is not a typical pattern.
The sentiment among these major traders is split, with 83% bullish and 16% bearish. Among all the options we identified, there was one put, amounting to $46,935, and 17 calls, totaling $996,680.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $25.0 for Antero Resources over the recent three 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 Antero 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 Antero Resources's whale trades within a strike price range from $23.0 to $25.0 in the last 30 days.
Antero Resources Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AR | CALL | TRADE | BULLISH | 04/19/24 | $23.00 | $103.5K | 4.9K | 3.5K |
| AR | CALL | SWEEP | BULLISH | 04/19/24 | $23.00 | $103.5K | 4.9K | 3.2K |
| AR | CALL | SWEEP | BULLISH | 04/19/24 | $23.00 | $101.5K | 4.9K | 710 |
| AR | CALL | TRADE | BEARISH | 04/19/24 | $23.00 | $70.0K | 4.9K | 1.4K |
| AR | CALL | TRADE | BULLISH | 04/19/24 | $23.00 | $70.0K | 4.9K | 1.2K |
About Antero Resources
Antero Resources, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 33% liquids and 66% natural gas.
In light of the recent options history for Antero Resources, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Antero Resources's Current Market Status
- With a volume of 1,994,931, the price of AR is up 0.39% at $25.8.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 54 days.
Professional Analyst Ratings for Antero Resources
2 market experts have recently issued ratings for this stock, with a consensus target price of $28.5.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Antero Resources, targeting a price of $29.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Antero Resources with a target price of $28.
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 Antero Resources, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
