Unpacking the Latest Options Trading Trends in Schlumberger

Investors with a lot of money to spend have taken a bullish stance on Schlumberger SLB.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SLB, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Schlumberger.

This isn't normal.

The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $139,988, and 6 are calls, for a total amount of $540,621.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $62.5 for Schlumberger over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 3856.25 with a total volume of 16,155.00.

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 $62.5 over the last 30 days.

Schlumberger Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Schlumberger

SLB 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.

Following our analysis of the options activities associated with Schlumberger, we pivot to a closer look at the company's own performance.

Schlumberger's Current Market Status

• With a volume of 3,010,866, the price of SLB is up 1.08% at $47.59.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 67 days.

Expert Opinions on Schlumberger

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $68.6.

• Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $66.
• An analyst from Susquehanna persists with their Positive rating on Schlumberger, maintaining a target price of $77.
• Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Schlumberger with a target price of $64.
• An analyst from RBC Capital downgraded its action to Outperform with a price target of $66.
• An analyst from Wells Fargo persists with their Overweight rating on Schlumberger, maintaining a target price of $70.

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 Schlumberger, Benzinga Pro gives you real-time options trades alerts.