Investors with a lot of money to spend have taken a bullish stance on Shell SHEL.
And retail traders should know.
We noticed this today when the positions 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 SHEL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Shell.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $51,300, and 7, calls, for a total amount of $297,882.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $90.0 for Shell over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Shell's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Shell's significant trades, within a strike price range of $70.0 to $90.0, over the past month.
Shell Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SHEL | PUT | TRADE | BEARISH | 09/20/24 | $2.85 | $2.8 | $2.85 | $70.00 | $51.3K | 436 | 182 |
| SHEL | CALL | TRADE | BEARISH | 01/17/25 | $0.25 | $0.15 | $0.15 | $90.00 | $45.0K | 8.6K | 0 |
| SHEL | CALL | SWEEP | BULLISH | 06/20/25 | $4.8 | $4.5 | $4.77 | $72.50 | $42.6K | 692 | 90 |
| SHEL | CALL | SWEEP | BULLISH | 06/20/25 | $4.8 | $4.5 | $4.74 | $72.50 | $42.5K | 692 | 360 |
| SHEL | CALL | SWEEP | BULLISH | 06/20/25 | $4.8 | $4.3 | $4.74 | $72.50 | $42.3K | 692 | 450 |
About Shell
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% of which, consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.
After a thorough review of the options trading surrounding Shell, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Shell
- Currently trading with a volume of 2,315,725, the SHEL's price is down by -1.19%, now at $69.97.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 51 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 Shell with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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