Schlumberger Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on Schlumberger SLB.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SLB, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for Schlumberger.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.

Out of all of the options we uncovered, 7 are puts, for a total amount of $587,129, and there was 1 call, for a total amount of $35,100.

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 $35.0 and $55.0 for Schlumberger, spanning the last three months.

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 $35.0 to $55.0, over the past month.

Schlumberger 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
SLB PUT SWEEP BEARISH 06/21/24 $3.65 $3.5 $3.65 $46.50 $158.4K 1.0K 460
SLB PUT SWEEP BULLISH 06/21/24 $2.5 $2.34 $2.34 $45.00 $130.6K 9.1K 1.5K
SLB PUT SWEEP BEARISH 06/21/24 $2.32 $2.32 $2.32 $45.00 $93.4K 9.1K 721
SLB PUT TRADE BULLISH 11/15/24 $13.05 $11.9 $12.05 $55.00 $78.3K 719 0
SLB PUT SWEEP BEARISH 06/21/24 $2.28 $2.28 $2.28 $45.00 $66.3K 9.1K 244

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.

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.

Schlumberger's Current Market Status

  • Currently trading with a volume of 1,729,497, the SLB's price is down by -0.51%, now at $42.98.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 43 days.

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 Schlumberger, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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