Bearish flow noted in EOG Resources with 3,102 puts trading, or 1.5x expected. Most active are Aug-23 87.5 puts and Sep-23 75 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 4.66, while ATM IV is up over 1 point on the day. Earnings are expected on August 3rd.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EOG:
- 5 Best Oil Stocks to Invest in Now, According to Analysts – June 2023
- EOG Resources price target lowered to $155 from $170 at Piper Sandler
- EOG Resources downgraded to Neutral from Buy at Goldman Sachs
- This Energy ETF Has Nearly 30% Upside Potential, According to Analysts
- 5 Best Utility Stocks to Invest in Now, According to Analysts