Spotlight on Halliburton: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Halliburton HAL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HAL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Halliburton. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 5 are puts, totaling $387,377, and 3 are calls, amounting to $137,300.

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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 $40.0 and $45.0 for Halliburton, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Halliburton options trades today is 1094.5 with a total volume of 3,375.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Halliburton's big money trades within a strike price range of $40.0 to $45.0 over the last 30 days.

Halliburton 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
HAL PUT SWEEP BULLISH 09/20/24 $4.9 $4.8 $4.8 $45.00 $117.1K 56 56
HAL PUT SWEEP BEARISH 06/20/25 $4.65 $4.5 $4.6 $40.00 $115.9K 1.6K 250
HAL CALL SWEEP BEARISH 01/17/25 $3.55 $3.5 $3.5 $45.00 $70.0K 1.9K 0
HAL PUT SWEEP BULLISH 09/20/24 $4.95 $4.85 $4.85 $45.00 $66.4K 56 437
HAL PUT SWEEP BEARISH 04/26/24 $1.93 $1.92 $1.93 $42.00 $60.9K 4 317

About Halliburton

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

After a thorough review of the options trading surrounding Halliburton, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Halliburton

  • With a volume of 3,385,931, the price of HAL is up 0.88% at $41.3.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 11 days.

What Analysts Are Saying About Halliburton

In the last month, 1 experts released ratings on this stock with an average target price of $49.0.

  • Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Halliburton with a target price of $49.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Halliburton, Benzinga Pro gives you real-time options trades alerts.

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