Bearish flow noted in EOG Resources with 2,433 puts trading, or 1.4x expected. Most active are Jul-24 125 puts and 5/31 weekly 114 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.04, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- Intel upgraded, Texas Instruments initiated: Wall Street’s top analyst calls
- EOG Resources downgraded to Hold from Buy at Truist
- EOG Resources price target raised to $154 from $153 at Piper Sandler
- EOG Resources price target raised to $156 from $140 at Mizuho
- EOG Resources’ Hedging Tactics: Navigating Commodity Price Fluctuations for a $184 Million Net Asset Impact