Decoding Schlumberger's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on Schlumberger SLB.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SLB, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Schlumberger.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $458,420, and 3 are calls, for a total amount of $133,610.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $62.5 for Schlumberger, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Schlumberger stands at 1420.5, with a total volume reaching 2,006.00. 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 $35.0 to $62.5, throughout the last 30 days.

Schlumberger Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Schlumberger

SLB, formerly known as Schlumberger, 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 2,097,475, with SLB's price down by -0.37%, positioned at $53.48.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 23 days.

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.