|Bid||15.20 x 2200|
|Ask||15.23 x 38800|
|Day's Range||14.02 - 15.23|
|52 Week Range||3.80 - 33.77|
|Beta (5Y Monthly)||4.89|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.10 (0.76%)|
|Ex-Dividend Date||Oct 21, 2020|
|1y Target Est||N/A|
On Monday, shares of Apache (NASDAQ: APA) saw unusual options activity. After the option alert, the stock price moved down to $13.55. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-12-18 * Strike Price: $12.50 * Volume: 968 * Open Interest: 3818Three Ways Options Activity Is 'Unusual'One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.The trading of a contract with an expiration date in the distant future is another sign of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset.Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * Analyzing Walt Disney's Unusual Options Activity * Unusual Options Activity Insight: Home Depot(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As you might know, Apache Corporation (NASDAQ:APA) just kicked off its latest quarterly results with some very strong...
In this article you are going to find out whether hedge funds think Apache Corporation (NASDAQ:APA) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]