A Closer Look at Schlumberger's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on Schlumberger.

Looking at options history for Schlumberger SLB we detected 16 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $1,894,706 and 12, calls, for a total amount of $756,021.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $55.0 for Schlumberger over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Schlumberger stands at 1811.64, with a total volume reaching 24,783.00. 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 $40.0 to $55.0, throughout the last 30 days.

Schlumberger 30-Day Option Volume & Interest Snapshot

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.

Following our analysis of the options activities associated with Schlumberger, we pivot to a closer look at the company's own performance.

Schlumberger's Current Market Status

• Currently trading with a volume of 7,775,103, the SLB's price is down by -0.16%, now at $48.48.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 9 days.

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 Schlumberger options trades with real-time alerts from Benzinga Pro.