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 12 options trades for Schlumberger. This is not a typical pattern.
The sentiment among these major traders is split, with 66% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $82,560, and 11 calls, totaling $1,578,938.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $55.0 for Schlumberger over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 1331.55 with a total volume of 6,267.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Schlumberger's big money trades within a strike price range of $30.0 to $55.0 over the last 30 days.
Schlumberger Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SLB | CALL | TRADE | BULLISH | 01/16/26 | $2.37 | $2.23 | $2.37 | $55.00 | $1.1M | 1.2K | 5.0K |
| SLB | CALL | TRADE | BULLISH | 09/18/26 | $11.7 | $11.4 | $11.7 | $35.00 | $90.0K | 137 | 77 |
| SLB | PUT | TRADE | BULLISH | 09/19/25 | $6.5 | $6.45 | $6.45 | $45.00 | $82.5K | 403 | 128 |
| SLB | CALL | TRADE | BULLISH | 06/20/25 | $13.75 | $13.7 | $13.75 | $30.00 | $68.7K | 145 | 50 |
| SLB | CALL | TRADE | BEARISH | 01/16/26 | $10.95 | $10.65 | $10.75 | $35.00 | $48.3K | 531 | 45 |
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.
After a thorough review of the options trading surrounding Schlumberger, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Schlumberger
- With a volume of 6,851,609, the price of SLB is down -2.5% at $41.91.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 23 days.
What The Experts Say On Schlumberger
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $57.625.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from UBS persists with their Buy rating on Schlumberger, maintaining a target price of $57. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Schlumberger with a target price of $60. * An analyst from DBS Bank downgraded its action to Buy with a price target of $64. * An analyst from Wells Fargo persists with their Equal-Weight rating on Schlumberger, maintaining a target price of $49.
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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