Deep-pocketed investors have adopted a bearish approach towards Halliburton HAL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HAL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Halliburton. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 75% bearish. Among these notable options, 5 are puts, totaling $192,327, and 3 are calls, amounting to $108,304.
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 $28.0 to $33.0 for Halliburton over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Halliburton's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Halliburton's whale trades within a strike price range from $28.0 to $33.0 in the last 30 days.
Halliburton Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HAL | CALL | SWEEP | BEARISH | 10/04/24 | $0.83 | $0.8 | $0.8 | $29.00 | $51.9K | 100 | 647 |
| HAL | PUT | SWEEP | BEARISH | 04/17/25 | $3.4 | $3.35 | $3.4 | $31.00 | $47.9K | 390 | 141 |
| HAL | PUT | SWEEP | BEARISH | 11/15/24 | $3.75 | $3.7 | $3.75 | $33.00 | $45.3K | 89 | 122 |
| HAL | PUT | SWEEP | BEARISH | 01/17/25 | $1.84 | $1.82 | $1.83 | $29.00 | $34.2K | 4.0K | 188 |
| HAL | PUT | SWEEP | BULLISH | 01/16/26 | $3.4 | $3.25 | $3.25 | $28.00 | $33.8K | 6.5K | 104 |
About Halliburton
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Following our analysis of the options activities associated with Halliburton, we pivot to a closer look at the company's own performance.
Halliburton's Current Market Status
- Currently trading with a volume of 7,933,152, the HAL's price is down by -0.53%, now at $29.81.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 43 days.
What Analysts Are Saying About Halliburton
In the last month, 5 experts released ratings on this stock with an average target price of $39.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS has decided to maintain their Buy rating on Halliburton, which currently sits at a price target of $37. * Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Halliburton, targeting a price of $46. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Halliburton, targeting a price of $35. * In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $37. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Halliburton with a target price of $40.
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 Halliburton with Benzinga Pro for real-time alerts.
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