Behind the Scenes of Schlumberger's Latest Options Trends

Financial giants have made a conspicuous bullish move on Schlumberger. Our analysis of options history for Schlumberger SLB revealed 8 unusual trades.

Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $58,325, and 6 were calls, valued at $395,912.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $27.5 and $60.0 for Schlumberger, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Schlumberger stands at 3408.67, with a total volume reaching 8,553.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Schlumberger, situated within the strike price corridor from $27.5 to $60.0, throughout the last 30 days.

Schlumberger Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SLB CALL SWEEP BULLISH 11/15/24 $2.55 $2.54 $2.55 $47.50 $176.2K 946 789
SLB CALL SWEEP BULLISH 06/14/24 $0.52 $0.51 $0.52 $45.00 $81.1K 514 1.8K
SLB CALL SWEEP BEARISH 07/19/24 $18.5 $16.55 $16.85 $27.50 $55.6K 7 42
SLB PUT SWEEP BEARISH 11/15/24 $2.05 $2.04 $2.05 $42.50 $29.7K 3.4K 232
SLB CALL SWEEP BULLISH 11/15/24 $0.28 $0.21 $0.28 $60.00 $29.0K 13.4K 2.2K

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.

Present Market Standing of Schlumberger

  • With a trading volume of 6,894,772, the price of SLB is down by -0.54%, reaching $44.31.
  • Current RSI values indicate that the stock is may be approaching oversold.
  • Next earnings report is scheduled for 39 days from now.

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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SLBSchlumberger Ltd
$33.700.60%

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Momentum
19.72
Growth
95.71
Quality
75.47
Value
25.92
Price Trend
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