What the Options Market Tells Us About Shell

Financial giants have made a conspicuous bullish move on Shell. Our analysis of options history for Shell SHEL revealed 13 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $200,640, and 9 were calls, valued at $943,738.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $67.5 to $82.5 for Shell over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Shell stands at 1525.75, with a total volume reaching 5,530.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Shell, situated within the strike price corridor from $67.5 to $82.5, throughout the last 30 days.

Shell Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SHEL CALL SWEEP BEARISH 05/17/24 $6.6 $6.4 $6.4 $67.50 $388.5K 2.9K 305
SHEL CALL SWEEP BULLISH 04/19/24 $3.6 $3.5 $3.6 $70.00 $236.9K 6.8K 70
SHEL PUT SWEEP BEARISH 06/20/25 $4.2 $3.9 $4.2 $67.50 $105.0K 0 250
SHEL CALL SWEEP BULLISH 04/19/24 $3.6 $3.5 $3.6 $70.00 $64.0K 6.8K 740
SHEL CALL SWEEP BULLISH 04/19/24 $3.6 $3.5 $3.6 $70.00 $61.5K 6.8K 918

About Shell

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% 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 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 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.

Having examined the options trading patterns of Shell, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Shell's Current Market Status

  • Currently trading with a volume of 5,673,083, the SHEL's price is up by 0.18%, now at $72.79.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 20 days.

What The Experts Say On Shell

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.5.

  • An analyst from Piper Sandler has decided to maintain their Overweight rating on Shell, which currently sits at a price target of $76.
  • An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Shell, which currently sits at a price target of $95.

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 Shell with Benzinga Pro for real-time alerts.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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