Whales with a lot of money to spend have taken a noticeably bullish stance on SLB.
Looking at options history for SLB SLB we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $249,380 and 10, calls, for a total amount of $787,864.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $45.0 to $55.0 for SLB during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for SLB'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 SLB's whale activity within a strike price range from $45.0 to $55.0 in the last 30 days.
SLB Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $146.2K | 2.9K | 883 |
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $136.4K | 2.9K | 2.0K |
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $125.3K | 2.9K | 1.8K |
| SLB | PUT | SWEEP | BEARISH | 09/20/24 | $50.00 | $81.9K | 1.0K | 401 |
| SLB | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $76.8K | 2.9K | 1.3K |
About SLB
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.
Following our analysis of the options activities associated with SLB, we pivot to a closer look at the company's own performance.
Present Market Standing of SLB
- With a trading volume of 3,720,724, the price of SLB is down by -0.4%, reaching $52.39.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 53 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SLB options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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