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At least one trader apparently believes that downside potential will be limited in EOG Resources through the end of next month.
optionMONSTER's tracking programs shows that 2,600 Weekly 65 puts expiring on Jan. 29 were sold in one print for $1.07 today. This is clearly a new position, as open interest in the strike was a mere 11 contracts before the trade appeared.
Short puts lock in a price where investors must buy a stock, while letting them collect premium. Traders use the technique when they like a stock and think the risk of a big drop is limited. (See our Coaching section)
EOG is up 4.84 percent to $73.19 in afternoon trading but is down 16 percent in the last month. The oil and natural-gas producer is expected to report earnings after the close on Feb. 18.
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
EOG Res. is a and oil producing company based in United states of america. EOG Res. is listed in United States of America. Its market capitalisation is US$ 76.6 billions as of today (€ 67.1 billions). Its stock quote reached its lowest recent point on July 11, 2003 at US$ 10.00, and its highest recent level on April 17, 2024 at US$ 132.40. EOG Res. has 578 636 343 shares outstanding. |