Mar. 8 at 2:48 AM
$EQT flow today is the most bearish table I've seen all session.
Massive put positioning:
$453K block at
$62.5 for Jan '27.
$333K block targeting
$45 by Sept '26. Multiple sweeps stacking on top. One lone
$308K call sweep — likely a hedge, not conviction.
Chart confirms it: ascending wedge from the 2024 lows just broke down off the
$63 top. RSI rolling over. Classic wedge resolution to the downside.
Bear case:
$50 gives way →
$41.51 next, then
$28 is the major floor. That
$45 put block has a real target.
Bull case:
$50 holds, wedge was a fakeout breakdown, reclaim
$56–58 keeps the trend alive.
Nat gas exposure + broken wedge + put flow. Respect the tape.
#EQT #natgas #hovdid
