FANG options flow: unusual options activity in Diamondback Energy, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 17 unusual options prints in Diamondback Energy, Inc. (FANG), $1.1M of tracked premium, leaning bullish. Bullish premium was $494K against $343K bearish; $616K went into calls and $494K into puts, a put call ratio of 0.80. The largest print was $244K of FANG 16 Oct 2026 $190 calls on 25 September 2026, swept at ask. The last session with prints, 25 September 2026, added 6 prints and $452K of premium. FANG closed at $186.67 on 25 September 2026, down 1.2%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | FANG 16 Oct 2026 $190 calls | Sweep | 450 | 119 | $244K | At ask | Bullish | High conviction |
| 21 Sep 2026 | FANG 16 Oct 2026 $180 puts | Trade | 325 | 328 | $104K | At bid | Bullish | |
| 21 Sep 2026 | FANG 19 Mar 2027 $170 puts | Trade | 100 | 98 | $100K | At bid | Neutral | Notable |
| 24 Sep 2026 | FANG 16 Oct 2026 $170 calls | Sweep | 35 | 40 | $78K | At bid | Bearish | High conviction |
| 22 Sep 2026 | FANG 20 Nov 2026 $210 calls | Trade | 200 | 24 | $66K | At bid | Bearish | Notable |
| 23 Sep 2026 | FANG 16 Oct 2026 $170 calls | Trade | 35 | 6 | $60K | At bid | Bearish | Notable |
| 25 Sep 2026 | FANG 21 Jan 2028 $175 puts | Sweep | 26 | 122 | $59K | At bid | Bullish | |
| 23 Sep 2026 | FANG 21 Jan 2028 $165 puts | Sweep | 32 | 792 | $58K | At ask | Bearish | Notable |
| 25 Sep 2026 | FANG 20 Nov 2026 $185 calls | Sweep | 42 | 20 | $52K | At ask | Neutral | Notable |
| 24 Sep 2026 | FANG 18 Dec 2026 $200 puts | Sweep | 24 | 168 | $47K | At bid | Neutral | |
| 23 Sep 2026 | FANG 15 Jan 2027 $175 calls | Trade | 20 | 796 | $42K | At bid | Bearish | |
| 21 Sep 2026 | FANG 20 Nov 2026 $200 calls | Trade | 58 | 79 | $41K | At bid | Bearish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 5 | $520K | 80% | +$211K |
| 21 Jan 2028 | 4 | $183K | 0% | +$28K |
| 20 Nov 2026 | 3 | $159K | 100% | -$107K |
| 18 Dec 2026 | 3 | $107K | 0% | +$59K |
| 19 Mar 2027 | 1 | $100K | 0% | +$0 |
| 15 Jan 2027 | 1 | $42K | 100% | -$42K |
The most premium, $520K, is aimed at the 16 Oct 2026 expiry.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | FANG 16 Oct 2026 $190 calls | Sweep | 450 | 119 | $244K | At ask | Bullish | High conviction |
| 25 Sep 2026 | FANG 21 Jan 2028 $175 puts | Sweep | 26 | 122 | $59K | At bid | Bullish | |
| 25 Sep 2026 | FANG 20 Nov 2026 $185 calls | Sweep | 42 | 20 | $52K | At ask | Neutral | Notable |
| 25 Sep 2026 | FANG 21 Jan 2028 $175 puts | Sweep | 17 | 122 | $39K | At bid | Neutral | |
| 25 Sep 2026 | FANG 18 Dec 2026 $170 puts | Sweep | 53 | 184 | $31K | At bid | Bullish |
Every print in FANG with its full detail, the live tape, one tap filters and saved screeners: open FANG in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open FANG in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 14 firms, have a median of $232, 24.6% above the last close. The last 90 days brought 1 downgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Diamondback Energy, Inc.
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Petroleum And Natural Gas
- Headquarters
- Midland, Texas
- Website
- diamondbackenergy.com
Diamondback Energy, Inc. focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations in the Delaware basin. As of December 31, 2021, the company's acreage position was approximately 524,700 gross acres in the Permian Basin. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells.
In the same sector
Flow pages for other Energy names in the S&P 500:
XOM ExxonMobil Holdings Corp.CVX Chevron Corp.COP ConocoPhillipsVLO Valero Energy Corp.MPC Marathon Petroleum Corp.PSX Phillips 66WMB Williams Companies, Inc.SLB SLB Limited
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for FANG with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open FANG in Options Sentiment Screener