Someone with a lot of money to spend has taken a bullish stance on Diamondback Energy FANG .

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FANG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Diamondback Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,620, and 11, calls, for a total amount of $830,380..

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $150.0 for Diamondback Energy over the last 3 months.

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Diamondback Energy's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Diamondback Energy's whale trades within a strike price range from $100.0 to $150.0 in the last 30 days.

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume FANG CALL TRADE BULLISH 01/17/25 $140.00 $190.8K 3 50 FANG CALL TRADE BULLISH 03/17/23 $100.00 $187.6K 171 70 FANG CALL SWEEP BULLISH 01/20/23 $135.35 $90.0K 3.5K 168 FANG CALL SWEEP BULLISH 10/21/22 $125.00 $88.0K 245 54 FANG CALL SWEEP BULLISH 01/20/23 $135.35 $54.0K 3.5K 55

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Diamondback Energy, Benzinga Pro gives you real-time options trades alerts.

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