High-rolling investors have positioned themselves bullish on Schlumberger SLB, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SLB often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Schlumberger. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $57,500, and 7 calls, totaling $267,716.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $47.5 to $55.0 for Schlumberger over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Schlumberger's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Schlumberger's significant trades, within a strike price range of $47.5 to $55.0, over the past month.
Schlumberger Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BULLISH | 05/17/24 | $55.00 | $60.5K | 16.7K | 3.1K |
| SLB | PUT | TRADE | BEARISH | 09/20/24 | $52.50 | $57.5K | 499 | 115 |
| SLB | CALL | TRADE | BEARISH | 05/17/24 | $52.50 | $45.4K | 4.2K | 393 |
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $43.0K | 5.8K | 919 |
| SLB | CALL | SWEEP | BULLISH | 05/17/24 | $50.00 | $34.0K | 3.8K | 276 |
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.
Where Is Schlumberger Standing Right Now?
- Currently trading with a volume of 4,922,812, the SLB's price is up by 0.02%, now at $50.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
What The Experts Say On Schlumberger
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $70.33333333333333.
- An analyst from Susquehanna has revised its rating downward to Positive, adjusting the price target to $77.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $66.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $68.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Schlumberger options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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