Financial giants have made a conspicuous bearish move on Schlumberger. Our analysis of options history for Schlumberger SLB revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $613,728, and 2 were calls, valued at $240,311.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $67.5 for Schlumberger, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 2814.5 with a total volume of 2,342.00.
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 $45.0 to $67.5 over the last 30 days.
Schlumberger Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SLB | PUT | SWEEP | BULLISH | 04/19/24 | $2.96 | $2.64 | $2.64 | $54.00 | $212.5K | 3.0K | 1.0K |
| SLB | CALL | SWEEP | BULLISH | 04/26/24 | $1.14 | $1.0 | $1.0 | $52.00 | $203.4K | 351 | 115 |
| SLB | PUT | TRADE | BEARISH | 06/21/24 | $1.91 | $1.87 | $1.9 | $50.00 | $190.0K | 8.4K | 2 |
| SLB | PUT | SWEEP | BULLISH | 06/20/25 | $3.65 | $3.55 | $3.55 | $45.00 | $79.1K | 2.2K | 1 |
| SLB | PUT | TRADE | BEARISH | 06/21/24 | $1.88 | $1.84 | $1.88 | $50.00 | $56.4K | 8.4K | 1.0K |
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.
Present Market Standing of Schlumberger
- With a trading volume of 1,362,056, the price of SLB is up by 1.5%, reaching $51.57.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 1 days from now.
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.
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