Financial giants have made a conspicuous bullish move on Shell. Our analysis of options history for Shell SHEL revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $550,465, and 2 were calls, valued at $128,480.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $72.5 for Shell, spanning the last three months.
Analyzing Volume & Open Interest
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 Shell'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 Shell's whale activity within a strike price range from $60.0 to $72.5 in the last 30 days.
Shell Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SHEL | PUT | SWEEP | BULLISH | 09/20/24 | $65.00 | $100.3K | 514 | 209 |
| SHEL | PUT | SWEEP | BULLISH | 09/20/24 | $65.00 | $97.4K | 514 | 412 |
| SHEL | CALL | TRADE | BULLISH | 02/16/24 | $64.00 | $97.2K | 292 | 1.8K |
| SHEL | PUT | SWEEP | NEUTRAL | 09/20/24 | $65.00 | $78.2K | 514 | 575 |
| SHEL | PUT | SWEEP | BEARISH | 03/15/24 | $65.00 | $62.9K | 119 | 237 |
About Shell
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 1.5 million barrels of liquids and 7.9 billion cubic feet of natural gas per day. At year-end 2022, reserves stood at 9.4 billion barrels of oil equivalent, 50% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.7 mmb/d located in the Americas, Asia, Africa, and Europe and sells 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.
After a thorough review of the options trading surrounding Shell, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Shell
- With a trading volume of 3,206,865, the price of SHEL is down by -1.12%, reaching $63.36.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 90 days from now.
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 Shell 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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