27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bullish move on Schlumberger. Our analysis of options history for Schlumberger (NYSE:SLB) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $165,325, and 5 were calls, valued at $1,413,512.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $62.5 for Schlumberger during the past quarter.
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 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 $32.5 to $62.5, over the past month.
Schlumberger Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BULLISH | 01/17/25 | $3.15 | $3.1 | $3.15 | $62.50 | $953.7K | 7.9K | 3.0K |
| SLB | CALL | TRADE | BEARISH | 05/17/24 | $1.52 | $1.5 | $1.5 | $55.00 | $226.2K | 17.1K | 2.4K |
| SLB | CALL | SWEEP | BEARISH | 05/17/24 | $0.95 | $0.94 | $0.94 | $57.50 | $115.8K | 2.8K | 1.2K |
| SLB | CALL | SWEEP | BULLISH | 05/17/24 | $1.69 | $1.67 | $1.7 | $55.00 | $85.0K | 17.1K | 36 |
| SLB | PUT | SWEEP | NEUTRAL | 08/16/24 | $3.85 | $3.75 | $3.8 | $55.00 | $46.7K | 570 | 182 |
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.
Schlumberger's Current Market Status
- Trading volume stands at 4,975,470, with SLB's price down by -0.17%, positioned at $54.08.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 9 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 Schlumberger with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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