Investors with a lot of money to spend have taken a bullish stance on Antero Resources AR.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Antero Resources.
This isn't normal.
The overall sentiment of these big-money traders is split between 57% bullish and 21%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $151,000, and 13, calls, for a total amount of $600,985.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $42.0 for Antero Resources over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Antero Resources stands at 1426.7, with a total volume reaching 3,562.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Antero Resources, situated within the strike price corridor from $23.0 to $42.0, throughout the last 30 days.
Antero Resources Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AR | PUT | SWEEP | BULLISH | 01/17/25 | $7.8 | $7.55 | $7.55 | $40.00 | $151.0K | 15 | 200 |
| AR | CALL | TRADE | BULLISH | 01/17/25 | $2.1 | $2.08 | $2.1 | $42.00 | $84.0K | 662 | 900 |
| AR | CALL | SWEEP | BEARISH | 01/16/26 | $13.55 | $13.35 | $13.35 | $25.00 | $68.0K | 603 | 88 |
| AR | CALL | SWEEP | BULLISH | 04/26/24 | $3.45 | $1.35 | $1.35 | $32.00 | $65.3K | 1.2K | 600 |
| AR | CALL | TRADE | NEUTRAL | 01/17/25 | $12.65 | $12.45 | $12.55 | $23.00 | $50.2K | 1.4K | 53 |
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.
Having examined the options trading patterns of Antero Resources, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Antero Resources
- With a trading volume of 4,639,497, the price of AR is up by 1.48%, reaching $33.88.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 89 days from now.
Expert Opinions on Antero Resources
In the last month, 5 experts released ratings on this stock with an average target price of $31.4.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Antero Resources, targeting a price of $27.
- An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $36.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on Antero Resources, maintaining a target price of $26.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on Antero Resources with a target price of $36.
- An analyst from Barclays has revised its rating downward to Equal-Weight, adjusting the price target to $32.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Antero Resources options trades with real-time alerts from Benzinga Pro.
© 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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