Whales with a lot of money to spend have taken a noticeably bullish stance on Schlumberger.
Looking at options history for Schlumberger SLB we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $580,568 and 4, calls, for a total amount of $206,500.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $55.0 for Schlumberger over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 1275.33 with a total volume of 5,189.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Schlumberger's big money trades within a strike price range of $40.0 to $55.0 over the last 30 days.
Schlumberger Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | PUT | SWEEP | NEUTRAL | 06/21/24 | $47.50 | $209.1K | 3.5K | 678 |
| SLB | PUT | SWEEP | BEARISH | 03/15/24 | $47.50 | $120.2K | 2.3K | 1.0K |
| SLB | PUT | SWEEP | BULLISH | 06/21/24 | $47.50 | $85.8K | 3.5K | 959 |
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $50.00 | $69.6K | 1.1K | 223 |
| SLB | CALL | SWEEP | BULLISH | 08/16/24 | $40.00 | $68.6K | 1 | 108 |
About Schlumberger
SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Schlumberger's Current Market Status
- With a volume of 6,955,205, the price of SLB is up 0.02% at $47.9.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 1 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Schlumberger with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
