This Is What Whales Are Betting On Schlumberger

This Is What Whales Are Betting On Schlumberger

A whale with a lot of money to spend has taken a noticeably bearish stance on Schlumberger.

Looking at options history for Schlumberger SLB we detected 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $1,259,672 and 14, calls, for a total amount of $1,171,049.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $40.0 for Schlumberger over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Schlumberger options trades today is 5053.54 with a total volume of 19,351.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Schlumberger's big money trades within a strike price range of $15.0 to $40.0 over the last 30 days.

Schlumberger Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SLB PUT SWEEP BEARISH 01/20/23 $35.00 $586.8K 6.2K 2.0K
SLB CALL SWEEP BULLISH 01/20/23 $40.00 $308.0K 18.4K 1.5K
SLB PUT SWEEP BEARISH 09/16/22 $37.50 $259.2K 10.9K 1.9K
SLB CALL TRADE BULLISH 09/30/22 $38.00 $183.6K 898 850
SLB CALL TRADE BEARISH 01/20/23 $40.00 $112.5K 18.4K 690

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SLB PUT SWEEP BEARISH 01/20/23 $35.00 $586.8K 6.2K 2.0K
SLB CALL SWEEP BULLISH 01/20/23 $40.00 $308.0K 18.4K 1.5K
SLB PUT SWEEP BEARISH 09/16/22 $37.50 $259.2K 10.9K 1.9K
SLB CALL TRADE BULLISH 09/30/22 $38.00 $183.6K 898 850
SLB CALL TRADE BEARISH 01/20/23 $40.00 $112.5K 18.4K 690

Where Is Schlumberger Standing Right Now?

  • With a volume of 6,305,471, the price of SLB is down -1.64% at $37.45.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 45 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.

Posted In: BZI-UOAOptionsMarkets