Decoding EQT's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bullish approach towards EQT EQT, 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 EQT usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for EQT. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $163,335, and 18 are calls, amounting to $1,561,629.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $50.0 for EQT, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in EQT's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to EQT's substantial trades, within a strike price spectrum from $30.0 to $50.0 over the preceding 30 days.

EQT 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About EQT

EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.

In light of the recent options history for EQT, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is EQT Standing Right Now?

• Currently trading with a volume of 1,771,959, the EQT's price is up by 1.16%, now at $43.55.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 62 days.

What Analysts Are Saying About EQT

In the last month, 5 experts released ratings on this stock with an average target price of $48.8.

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. * Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for EQT, targeting a price of $48. * Reflecting concerns, an analyst from Bernstein lowers its rating to Market Perform with a new price target of $50. * Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on EQT with a target price of $41. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for EQT, targeting a price of $56. * An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $49.

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.