20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Schlumberger.
Looking at options history for Schlumberger (NYSE:SLB) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $379,376 and 12, calls, for a total amount of $434,341.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $60.0 for Schlumberger, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Schlumberger's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Schlumberger's whale activity within a strike price range from $50.0 to $60.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | PUT | SWEEP | BULLISH | 05/17/24 | $50.00 | $157.9K | 4.0K | 48 |
| SLB | PUT | SWEEP | BEARISH | 01/17/25 | $52.50 | $58.8K | 1.8K | 529 |
| SLB | PUT | SWEEP | BEARISH | 01/17/25 | $55.00 | $58.6K | 1.9K | 44 |
| SLB | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $48.2K | 2.1K | 119 |
| SLB | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $48.2K | 2.1K | 271 |
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 trading volume of 2,869,848, the price of SLB is up by 0.29%, reaching $54.6.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 28 days from now.
Professional Analyst Ratings for Schlumberger
1 market experts have recently issued ratings for this stock, with a consensus target price of $68.0.
- An analyst from Benchmark downgraded its action to Buy with a price target of $68.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Schlumberger options trades with real-time alerts from Benzinga Pro.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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