Investors with a lot of money to spend have taken a bullish stance on APA APA.
And retail traders should know.
We noticed this today when the trades 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 APA, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for APA.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $705,780, and 3 are calls, for a total amount of $223,788.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $40.0 for APA over the last 3 months.
Analyzing Volume & Open Interest
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 APA'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 APA's whale trades within a strike price range from $25.0 to $40.0 in the last 30 days.
APA 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APA | PUT | SWEEP | BULLISH | 01/16/26 | $10.3 | $9.85 | $9.85 | $37.50 | $197.0K | 267 | 401 |
| APA | PUT | TRADE | BULLISH | 01/16/26 | $10.7 | $9.4 | $9.8 | $37.50 | $196.0K | 267 | 201 |
| APA | CALL | TRADE | BEARISH | 01/16/26 | $8.15 | $8.1 | $8.1 | $25.00 | $162.0K | 450 | 200 |
| APA | PUT | TRADE | BULLISH | 01/16/26 | $10.25 | $9.9 | $9.9 | $37.50 | $158.4K | 267 | 561 |
| APA | PUT | SWEEP | BEARISH | 07/19/24 | $10.45 | $10.3 | $10.4 | $40.00 | $102.9K | 0 | 99 |
About APA
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
In light of the recent options history for APA, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of APA
- With a volume of 8,015,050, the price of APA is down -3.57% at $29.44.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 58 days.
Expert Opinions on APA
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $41.8.
- An analyst from Mizuho has decided to maintain their Underperform rating on APA, which currently sits at a price target of $34.
- An analyst from Citigroup persists with their Neutral rating on APA, maintaining a target price of $33.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on APA with a target price of $52.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for APA, targeting a price of $33.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for APA, targeting a price of $57.
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 APA, 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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