SLB Unusual Options Activity For August 06

Financial giants have made a conspicuous bearish move on SLB. Our analysis of options history for SLB SLB revealed 10 unusual trades.

Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $411,953, and 4 were calls, valued at $252,090.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.5 to $45.0 for SLB over the last 3 months.

Volume & Open Interest Development

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 SLB'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 SLB's whale trades within a strike price range from $27.5 to $45.0 in the last 30 days.

SLB Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About SLB

SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts roughly $3 billion in digital-related revenue.

Following our analysis of the options activities associated with SLB, we pivot to a closer look at the company's own performance.

Current Position of SLB

• Currently trading with a volume of 5,455,782, the SLB's price is down by -0.4%, now at $33.37.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 72 days.

Professional Analyst Ratings for SLB

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $45.8.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on SLB with a target price of $42. * Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for SLB, targeting a price of $52. * Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on SLB with a target price of $42. * An analyst from Barclays persists with their Overweight rating on SLB, maintaining a target price of $46. * An analyst from Barclays has decided to maintain their Overweight rating on SLB, which currently sits at a price target of $47.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SLB options trades with real-time alerts from Benzinga Pro.