A Closer Look at Hess's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on Hess.

Looking at options history for Hess HES we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $98,250 and 14, calls, for a total amount of $808,880.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $150.0 for Hess, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Hess options trades today is 1081.83 with a total volume of 8,462.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Hess's big money trades within a strike price range of $130.0 to $150.0 over the last 30 days.

Hess Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Hess

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.

Following our analysis of the options activities associated with Hess, we pivot to a closer look at the company's own performance.

Current Position of Hess

• With a trading volume of 3,101,365, the price of HES is down by 0.0%, reaching $146.36.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 49 days from now.

Expert Opinions on Hess

2 market experts have recently issued ratings for this stock, with a consensus target price of $178.0.

• An analyst from Susquehanna has decided to maintain their Neutral rating on Hess, which currently sits at a price target of $156.
• An analyst from Mizuho has decided to maintain their Neutral rating on Hess, which currently sits at a price target of $200.

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 Hess with Benzinga Pro for real-time alerts.