{
  "id": 6789842,
  "title": "EQT Corp options flow turns sharply bearish with put/call ratio near 4.87x",
  "url": "https://urgent.news/2026/09/11/eqt-corp-options-flow-turns-sharply-bearish-with-put-call-ratio-near",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T19:24:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/eqt-corp-options-flow-turns-sharply-bearish-with-putcall-ratio-near-487x-93CH-4898364"
  },
  "original_language": "en",
  "account": "On September 11, EQT Corp's options tape revealed a starkly bearish sentiment as put volume significantly outpaced call volume, resulting in a put/call ratio of approximately 4.87x, one of the most lopsided readings observed. The stock was trading at $54.14, down 1.50% from the previous close. While the headline number is difficult to ignore, indicating strong bearish conviction, the underlying data suggests a more nuanced story.\n\nWith EQT Corporation's stock trading near the lower third of its 52-week range, down by 15.18% over the past six months, put buyers were piling in at a vulnerable juncture, rather than during a recent peak. Two notable call strikes, set for expiration on September 18 and October 16, were out of the money by 11%, suggesting speculative bets rather than confident bullish positioning.\n\nInterestingly, the 90/110 skew fell by 0.69 points to -1.08, indicating the volatility surface was quietly pricing in the potential for a sharp rally, despite the aggressive bearish flow in options. This could suggest either a mix of hedging by put buyers, who may be long on natural gas infrastructure, or a thin call side that inflated call implied volatility (IV) with modest demand.\n\nEQT, the largest natural gas producer in the US, serves as a direct proxy for natural gas price sentiment. With CFTC's natural gas speculative positions running deeply net short, the options flow is consistent with a broader market narrative: traders are betting against a near-term natural gas price recovery, utilizing EQT puts as their instrument. Despite the bearish options flow, the volatility surface hints at a potential upside, urging traders to watch for any supply shock or demand catalyst that could validate a bullish thesis before the October expiry.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}