Benzinga's options scanner just detected over 10 options trades for SLB SLB summing a total amount of $524,083.
At the same time, our algo caught 4 for a total amount of 221,573.
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 $40.0 to $65.0 for SLB over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for SLB options trades today is 1110.86 with a total volume of 1,121.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for SLB's big money trades within a strike price range of $40.0 to $65.0 over the last 30 days.
SLB 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 |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | TRADE | BULLISH | 01/19/24 | $40.00 | $188.9K | 2.6K | 305 |
| SLB | PUT | TRADE | NEUTRAL | 11/17/23 | $65.00 | $81.6K | 0 | 102 |
| SLB | PUT | SWEEP | BULLISH | 01/17/25 | $55.00 | $61.2K | 1.0K | 86 |
| SLB | CALL | TRADE | BULLISH | 06/21/24 | $50.00 | $47.9K | 380 | 67 |
| SLB | PUT | SWEEP | BULLISH | 01/17/25 | $47.50 | $43.0K | 1.3K | 1 |
Where Is SLB Standing Right Now?
- With a volume of 3,688,847, the price of SLB is up 0.39% at $57.9.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 74 days.
What The Experts Say On SLB:
- Barclays has decided to maintain their Overweight rating on SLB, which currently sits at a price target of $70.
- Susquehanna has decided to maintain their Positive rating on SLB, which currently sits at a price target of $68.
- RBC Capital downgraded its action to Outperform with a price target of $65
- Morgan Stanley has decided to maintain their Overweight rating on SLB, which currently sits at a price target of $62.
- Benchmark downgraded its action to Buy with a price target of $65
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 SLB, 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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