Investors with a lot of money to spend have taken a bullish stance on EOG Resources EOG.
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 EOG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for EOG Resources.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,000, and 7, calls, for a total amount of $489,627.
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 $120.0 to $150.0 for EOG Resources over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of EOG Resources stands at 541.83, with a total volume reaching 1,571.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in EOG Resources, situated within the strike price corridor from $120.0 to $150.0, throughout the last 30 days.
EOG Resources Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EOG | CALL | SWEEP | BULLISH | 01/31/25 | $16.4 | $16.4 | $16.4 | $121.00 | $145.9K | 115 | 27 |
| EOG | CALL | SWEEP | NEUTRAL | 01/17/25 | $13.9 | $12.6 | $12.81 | $124.50 | $73.9K | 395 | 55 |
| EOG | CALL | SWEEP | BULLISH | 02/28/25 | $4.8 | $4.3 | $4.4 | $137.00 | $70.8K | 15 | 161 |
| EOG | CALL | SWEEP | BULLISH | 01/31/25 | $15.4 | $15.4 | $15.4 | $122.00 | $70.8K | 62 | 46 |
| EOG | CALL | SWEEP | BEARISH | 01/16/26 | $10.0 | $9.3 | $9.3 | $150.00 | $57.7K | 2.2K | 68 |
About EOG Resources
EOG Resources is an oil and gas producer with acreage in several US shale plays, primarily in the Permian Basin and the Eagle Ford. At the end of 2023, it reported net proven reserves of 4.5 billion barrels of oil equivalent. Net production averaged roughly 985,000 barrels of oil equivalent per day in 2023 at a ratio of 71% oil and natural gas liquids and 29% natural gas.
Following our analysis of the options activities associated with EOG Resources, we pivot to a closer look at the company's own performance.
EOG Resources's Current Market Status
- With a volume of 1,265,323, the price of EOG is up 0.27% at $137.43.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 35 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for EOG Resources with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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