Whales with a lot of money to spend have taken a noticeably bearish stance on EQT.
Looking at options history for EQT EQT we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $221,450 and 8, calls, for a total amount of $717,174.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $47.0 for EQT over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for EQT's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across EQT's significant trades, within a strike price range of $30.0 to $47.0, over the past month.
EQT 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EQT | CALL | TRADE | BEARISH | 06/21/24 | $0.76 | $0.72 | $0.72 | $42.00 | $216.0K | 1.5K | 3.0K |
| EQT | CALL | SWEEP | BEARISH | 09/20/24 | $6.7 | $6.6 | $6.6 | $33.00 | $188.7K | 331 | 0 |
| EQT | PUT | TRADE | BEARISH | 01/17/25 | $2.63 | $2.31 | $2.55 | $35.00 | $153.0K | 5.9K | 0 |
| EQT | CALL | SWEEP | NEUTRAL | 01/17/25 | $10.15 | $10.0 | $10.14 | $30.00 | $101.4K | 1.2K | 201 |
| EQT | CALL | TRADE | BULLISH | 01/17/25 | $3.9 | $3.85 | $3.9 | $40.00 | $70.2K | 2.4K | 0 |
About EQT
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
In light of the recent options history for EQT, it's now appropriate to focus on the company itself. We aim to explore its current performance.
EQT's Current Market Status
- With a volume of 2,226,757, the price of EQT is up 0.91% at $38.31.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 0 days.
What Analysts Are Saying About EQT
In the last month, 5 experts released ratings on this stock with an average target price of $41.4.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for EQT, targeting a price of $43.
- In a positive move, an analyst from Scotiabank has upgraded their rating to Sector Outperform and adjusted the price target to $52.
- An analyst from Bernstein upgraded its action to Market Perform with a price target of $34.
- An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $37.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for EQT, targeting a price of $41.
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 EQT, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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