This Is What Whales Are Betting On Shell

This Is What Whales Are Betting On Shell

Someone with a lot of money to spend has taken a bullish stance on Shell SHEL.

And retail traders should know.

We noticed this today when the big position 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 SHEL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 19 options trades for Shell.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $72,800, and 18, calls, for a total amount of $2,497,595..

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 $40.0 to $60.0 for Shell over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Shell options trades today is 4024.12 with a total volume of 25,993.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Shell's big money trades within a strike price range of $40.0 to $60.0 over the last 30 days.

Shell 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
SHEL CALL SWEEP BEARISH 01/20/23 $40.00 $567.0K 1.8K 193
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $346.8K 3.1K 5.5K
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $241.5K 3.1K 3.5K
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $222.2K 3.1K 2.4K
SHEL CALL TRADE BULLISH 01/19/24 $50.00 $168.0K 1.8K 150

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SHEL CALL SWEEP BEARISH 01/20/23 $40.00 $567.0K 1.8K 193
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $346.8K 3.1K 5.5K
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $241.5K 3.1K 3.5K
SHEL CALL SWEEP BULLISH 04/21/23 $57.50 $222.2K 3.1K 2.4K
SHEL CALL TRADE BULLISH 01/19/24 $50.00 $168.0K 1.8K 150

Where Is Shell Standing Right Now?

  • With a volume of 1,863,763, the price of SHEL is up 0.1% at $56.06.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 97 days.

What The Experts Say On Shell:

  • Wells Fargo has decided to maintain their Overweight rating on Shell, which currently sits at a price target of $66.

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

Posted In: BZI-UOAOptionsMarkets