Looking At Schlumberger's Recent Unusual Options Activity

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

Looking at options history for Schlumberger SLB we detected 17 trades.

If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $798,050 and 5, calls, for a total amount of $1,117,614.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $47.5 for Schlumberger, spanning the last three months.

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 $25.0 to $47.5, over the past month.

Schlumberger Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Schlumberger

SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.

In light of the recent options history for Schlumberger, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Schlumberger

• With a volume of 5,601,300, the price of SLB is up 0.78% at $37.62.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 29 days.

Professional Analyst Ratings for Schlumberger

In the last month, 3 experts released ratings on this stock with an average target price of $50.666666666666664.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Schlumberger, targeting a price of $53. * An analyst from Citigroup persists with their Buy rating on Schlumberger, maintaining a target price of $53. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Schlumberger, which currently sits at a price target of $46.

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