High-rolling investors have positioned themselves bullish on Schlumberger SLB, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SLB often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Schlumberger. This is not a typical pattern.
The sentiment among these major traders is split, with 70% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $37,522, and 9 calls, totaling $335,564.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $50.0 for Schlumberger during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Schlumberger's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Schlumberger's significant trades, within a strike price range of $40.0 to $50.0, over the past month.
Schlumberger 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BULLISH | 06/20/25 | $50.00 | $62.7K | 1.1K | 100 |
| SLB | CALL | TRADE | BULLISH | 09/20/24 | $40.00 | $54.0K | 311 | 245 |
| SLB | CALL | SWEEP | BEARISH | 09/20/24 | $40.00 | $43.2K | 311 | 143 |
| SLB | PUT | SWEEP | BULLISH | 05/17/24 | $50.00 | $37.5K | 2.7K | 158 |
| SLB | CALL | TRADE | BULLISH | 09/20/24 | $40.00 | $32.5K | 311 | 60 |
About Schlumberger
SLB 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.
Schlumberger's Current Market Status
- Currently trading with a volume of 3,435,346, the SLB's price is down by -0.14%, now at $48.75.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 53 days.
What Analysts Are Saying About Schlumberger
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $71.5.
- An analyst from Susquehanna downgraded its action to Positive with a price target of $77.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $66.
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 Schlumberger, 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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