High-rolling investors have positioned themselves bearish 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 9 options trades for Schlumberger. This is not a typical pattern.
The sentiment among these major traders is split, with 0% bullish and 100% bearish. Among all the options we identified, there was one put, amounting to $51,660, and 8 calls, totaling $359,739.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $60.0 for Schlumberger over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Schlumberger stands at 3755.67, with a total volume reaching 4,044.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Schlumberger, situated within the strike price corridor from $45.0 to $60.0, throughout the last 30 days.
Schlumberger 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BEARISH | 01/17/25 | $45.00 | $62.2K | 712 | 50 |
| SLB | CALL | SWEEP | BEARISH | 05/17/24 | $55.00 | $56.0K | 15.2K | 44 |
| SLB | CALL | SWEEP | BEARISH | 04/19/24 | $56.00 | $52.0K | 328 | 530 |
| SLB | PUT | SWEEP | BEARISH | 05/17/24 | $45.00 | $51.6K | 5.9K | 2.4K |
| SLB | CALL | TRADE | BEARISH | 09/20/24 | $57.50 | $51.4K | 428 | 179 |
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.
In light of the recent options history for Schlumberger, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Schlumberger
- Trading volume stands at 2,977,616, with SLB's price down by -0.04%, positioned at $53.41.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 31 days.
Professional Analyst Ratings for Schlumberger
In the last month, 1 experts released ratings on this stock with an average target price of $68.0.
- Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new 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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
