Financial giants have made a conspicuous bearish move on Shell. Our analysis of options history for Shell SHEL revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $60,700, and 6 were calls, valued at $1,056,840.
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Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $67.5 to $80.0 for Shell over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $67.5 to $80.0 in the last 30 days.
Shell 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SHEL | CALL | TRADE | BEARISH | 06/20/25 | $2.9 | $2.75 | $2.78 | $67.50 | $834.0K | 9.1K | 3.0K |
| SHEL | CALL | TRADE | BULLISH | 01/15/27 | $7.5 | $7.0 | $7.3 | $70.00 | $87.6K | 176 | 121 |
| SHEL | CALL | TRADE | BEARISH | 01/16/26 | $6.2 | $5.9 | $6.0 | $67.50 | $47.4K | 7.2K | 179 |
| SHEL | PUT | SWEEP | BULLISH | 09/19/25 | $2.7 | $2.65 | $2.65 | $70.00 | $34.4K | 805 | 210 |
| SHEL | CALL | TRADE | BEARISH | 01/16/26 | $6.2 | $5.9 | $6.0 | $67.50 | $30.0K | 7.2K | 100 |
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.
Following our analysis of the options activities associated with Shell, we pivot to a closer look at the company's own performance.
Current Position of Shell
- With a volume of 3,241,262, the price of SHEL is up 2.4% at $69.9.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 51 days.
Expert Opinions on Shell
In the last month, 1 experts released ratings on this stock with an average target price of $80.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Shell with a target price of $80.
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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