EQT's Options: A Look at What the Big Money is Thinking

Financial giants have made a conspicuous bullish move on EQT. Our analysis of options history for EQT EQT revealed 12 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $624,716, and 5 were calls, valued at $243,381.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $55.0 for EQT, spanning the last three months.

Insights into 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 EQT'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 EQT's whale trades within a strike price range from $40.0 to $55.0 in the last 30 days.

EQT Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About EQT

EQT is an independent natural gas production company. It focuses its operations in the cores of the Marcellus and Utica shales, located in the Appalachian Basin in the Eastern United States. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has three reportable segments in production, gathering, and the transmission segment, which is now an operated joint venture with Blackstone. All the firm's operating revenue is generated in the US, with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.

After a thorough review of the options trading surrounding EQT, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

EQT's Current Market Status

• With a trading volume of 2,762,045, the price of EQT is up by 1.28%, reaching $47.6.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 43 days from now.

Professional Analyst Ratings for EQT

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.4.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on EQT with a target price of $58. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for EQT, targeting a price of $36. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on EQT with a target price of $66. * An analyst from UBS has decided to maintain their Neutral rating on EQT, which currently sits at a price target of $58. * Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on EQT with a target price of $54.

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 EQT with Benzinga Pro for real-time alerts.