A whale with a lot of money to spend has taken a noticeably bullish stance on APA.
Looking at options history for APA (NASDAQ:APA) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $209,430 and 7, calls, for a total amount of $330,858.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $47.5 for APA over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for APA options trades today is 972.12 with a total volume of 2,133.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for APA's big money trades within a strike price range of $30.0 to $47.5 over the last 30 days.
APA Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| APA | PUT | TRADE | NEUTRAL | 12/16/22 | $42.50 | $117.5K | 2.5K | 1.0K |
| APA | CALL | TRADE | BEARISH | 04/21/23 | $40.00 | $77.2K | 1.2K | 75 |
| APA | PUT | SWEEP | BULLISH | 11/04/22 | $45.50 | $61.4K | 304 | 368 |
| APA | CALL | SWEEP | BULLISH | 12/16/22 | $47.50 | $58.6K | 359 | 247 |
| APA | CALL | TRADE | BULLISH | 01/17/25 | $40.00 | $43.4K | 77 | 50 |
Where Is APA Standing Right Now?
- With a volume of 4,400,890, the price of APA is up 0.88% at $45.84.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
What The Experts Say On APA:
- Mizuho has decided to maintain their Buy rating on APA, which currently sits at a price target of $52.
- Barclays has decided to maintain their Overweight rating on APA, which currently sits at a price target of $46.
- Piper Sandler has decided to maintain their Neutral rating on APA, which currently sits at a price target of $46.
- Raymond James has decided to maintain their Strong Buy rating on APA, which currently sits at a price target of $70.
- Goldman Sachs has decided to maintain their Neutral rating on APA, which currently sits at a price target of $46.
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.
