Unpacking the Latest Options Trading Trends in APA

Whales with a lot of money to spend have taken a noticeably bullish stance on APA.

Looking at options history for APA APA we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $634,367 and 2, calls, for a total amount of $182,652.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $27.5 for APA during the past quarter.

Volume & Open Interest Trends

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 $12.5 to $27.5 in the last 30 days.

APA Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About APA

APA Corp is an independent exploration and production company. It develops, and produces crude oil, natural gas, and natural gas liquids. The Company's business has oil and gas operations in three geographic areas: the United States (U.S.), Egypt, and offshore the U.K. in the North Sea (North Sea). APA also has active development, exploration, and appraisal operations ongoing in Suriname, as well as exploration interests in Uruguay, Alaska, and other international locations.

Having examined the options trading patterns of APA, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

APA's Current Market Status

• With a trading volume of 5,499,296, the price of APA is down by -13.75%, reaching $15.3.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 26 days from now.

What Analysts Are Saying About APA

In the last month, 5 experts released ratings on this stock with an average target price of $24.0.

Turn $1000 into $1270 in just 20 days?

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. * An analyst from JP Morgan persists with their Neutral rating on APA, maintaining a target price of $20. * Reflecting concerns, an analyst from Raymond James lowers its rating to Outperform with a new price target of $32. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on APA, which currently sits at a price target of $23. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for APA, targeting a price of $25. * Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on APA with a target price of $20.

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.