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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 $73.19 in afternoon trading but is down 16 percent in the last month. The oil and natural-gas producer is expected to report earnings after the close on Feb. 18.
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EOG Resources
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CODE : EOG |
ISIN : US26875P1012 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
EOG Res. est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. EOG Res. est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 78,5 milliards US$ (73,4 milliards €). La valeur de son action a atteint son plus bas niveau récent le 11 juillet 2003 à 10,00 US$, et son plus haut niveau récent le 26 avril 2024 à 135,70 US$. EOG Res. possède 578 636 343 actions en circulation. |