Whales with a lot of money to spend have taken a noticeably bearish stance on Schlumberger.
Looking at options history for Schlumberger SLB we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $686,897 and 13, calls, for a total amount of $705,620.
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 $30.0 and $50.0 for Schlumberger, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 1826.1 with a total volume of 14,799.00.
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 $50.0 over the last 30 days.
Schlumberger Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | PUT | SWEEP | BEARISH | 05/17/24 | $45.00 | $149.2K | 3.1K | 908 |
| SLB | CALL | SWEEP | BEARISH | 08/16/24 | $45.00 | $107.4K | 371 | 1 |
| SLB | CALL | TRADE | BEARISH | 06/20/25 | $30.00 | $105.5K | 12 | 50 |
| SLB | PUT | SWEEP | BEARISH | 05/17/24 | $45.00 | $90.9K | 3.1K | 1.0K |
| SLB | PUT | SWEEP | NEUTRAL | 03/15/24 | $50.00 | $79.3K | 2.9K | 17 |
About Schlumberger
SLB, formerly known as Schlumberger, 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.
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 trading volume of 9,152,282, the price of SLB is up by 0.3%, reaching $49.5.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 79 days from now.
Expert Opinions on Schlumberger
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $70.2.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $66.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Schlumberger with a target price of $70.
- An analyst from Stifel persists with their Buy rating on Schlumberger, maintaining a target price of $64.
- An analyst from Susquehanna has decided to maintain their Positive rating on Schlumberger, which currently sits at a price target of $77.
- An analyst from Barclays persists with their Overweight rating on Schlumberger, maintaining a target price of $74.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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