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A whale with a lot of money to spend has taken a noticeably bearish stance on Halliburton.
Looking at options history for Halliburton (NYSE:HAL) we detected 11 strange trades.
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If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $485,178 and 5, calls, for a total amount of $269,240.
What's The Price Target?
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 $47.0 for Halliburton over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Halliburton options trades today is 671.14 with a total volume of 5,538.00.
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In the following chart, we are able to follow the development of volume and open interest of call and put options for Halliburton's big money trades within a strike price range of $30.0 to $47.0 over the last 30 days.
Halliburton Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HAL | PUT | TRADE | BEARISH | 01/20/23 | $30.00 | $190.4K | 1.2K | 1.0K |
| HAL | PUT | SWEEP | BEARISH | 01/20/23 | $30.00 | $162.7K | 1.2K | 528 |
| HAL | CALL | TRADE | BEARISH | 01/20/23 | $47.00 | $81.0K | 1.1K | 302 |
| HAL | CALL | SWEEP | BEARISH | 04/14/22 | $36.00 | $65.4K | 642 | 423 |
| HAL | CALL | SWEEP | BEARISH | 06/17/22 | $37.00 | $49.5K | 343 | 164 |
Where Is Halliburton Standing Right Now?
- With a volume of 21,480,900, the price of HAL is down -5.93% at $34.58.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.