Diamondback Energy (FANG), which describes itself as a “must own Permian Basin pure-play,” could raise its dividend on Feb. 24, when it is set to release earnings. If it hikes what it calls the “base dividend” on that date, FANG stock could move higher. However, this article will show that shorting out-of-the-money put options might be a better play.
FANG closed Friday, January 23, at $154.02, still below its recent peak of $160.28 on Dec. 10, 2025. But it is still up from a recent low of $140.45 on Jan. 7, 2026.
