A whale with a lot of money to spend has taken a noticeably bearish stance on Halliburton.
Looking at options history for Halliburton HAL we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $481,075 and 4, calls, for a total amount of $160,658.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $31.0 to $34.0 for Halliburton over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Halliburton options trades today is 914.0 with a total volume of 6,459.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Halliburton's big money trades within a strike price range of $31.0 to $34.0 over the last 30 days.
Halliburton Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HAL | PUT | TRADE | BEARISH | 04/14/23 | $33.00 | $194.6K | 4.8K | 1 |
| HAL | CALL | SWEEP | BULLISH | 07/21/23 | $34.00 | $45.3K | 513 | 166 |
| HAL | CALL | SWEEP | BULLISH | 05/19/23 | $32.00 | $45.2K | 469 | 52 |
| HAL | PUT | SWEEP | BEARISH | 10/20/23 | $32.00 | $42.5K | 123 | 1.0K |
| HAL | CALL | SWEEP | BULLISH | 05/19/23 | $34.00 | $35.6K | 669 | 251 |
Where Is Halliburton Standing Right Now?
- With a volume of 8,198,891, the price of HAL is down -3.03% at $33.07.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Halliburton:
- Citigroup has decided to maintain their Buy rating on Halliburton, which currently sits at a price target of $44.
- Susquehanna downgraded its action to Positive with a price target of $57
- Benchmark downgraded its action to Buy with a price target of $50
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 Halliburton, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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