Deep-pocketed investors have adopted a bearish approach towards Antero Resources AR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Antero Resources. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 6 are puts, totaling $254,906, and 3 are calls, amounting to $157,100.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $37.0 for Antero Resources over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Antero Resources options trades today is 541.67 with a total volume of 1,767.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Antero Resources's big money trades within a strike price range of $20.0 to $37.0 over the last 30 days.
Antero Resources Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AR | PUT | SWEEP | BULLISH | 11/15/24 | $5.3 | $5.2 | $5.2 | $34.00 | $83.7K | 234 | 10 |
| AR | CALL | TRADE | BEARISH | 01/16/26 | $8.05 | $7.75 | $7.75 | $27.00 | $77.5K | 104 | 32 |
| AR | CALL | TRADE | BEARISH | 01/16/26 | $12.75 | $12.15 | $12.15 | $20.00 | $48.6K | 1.6K | 0 |
| AR | PUT | TRADE | BULLISH | 07/19/24 | $1.72 | $1.52 | $1.56 | $31.00 | $39.0K | 1.1K | 545 |
| AR | PUT | TRADE | NEUTRAL | 07/19/24 | $1.81 | $1.22 | $1.5 | $31.00 | $37.5K | 1.1K | 795 |
About Antero Resources
Antero Resources Corp, based in Denver, engages in the exploration for and production of natural gas and natural gas liquids in the United States and Canada. At the end of 2023, the company reported proven reserves of 18.1 trillion cubic feet of natural gas equivalent. Production averaged approximately 3,483 million cubic feet of equivalent a day in 2023 at a ratio of 35% liquids and 65% natural gas.
Present Market Standing of Antero Resources
- Currently trading with a volume of 1,429,546, the AR's price is down by 0.0%, now at $29.47.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 12 days.
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 Antero Resources with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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