benzinga95d ago
Deep-pocketed investors have adopted a bearish approach towards EQT (NYSE: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 14 extraordinary options activities for EQT. This level of activity is out of the ordinary.The general mood among these heavyweight investors is divided, with 35% leaning bullish and 57% bearish. Among these notable options, 5 are puts, totaling $979,522, and 9 are calls, amounting to $681,648.What's The Price Target?After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $62.5 for EQT, spanning the last three months.Insights into Volume & Open InterestAssessing 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 ...Full story available on Benzinga.com