Financial giants have made a conspicuous bullish move on SLB. Our analysis of options history for SLB SLB revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $504,859, and 6 were calls, valued at $759,170.
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 $47.5 to $75.0 for SLB over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of SLB stands at 1338.29, with a total volume reaching 1,980.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SLB, situated within the strike price corridor from $47.5 to $75.0, throughout the last 30 days.
SLB Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SLB | CALL | TRADE | BEARISH | 11/17/23 | $50.00 | $474.0K | 2.5K | 105 |
| SLB | PUT | TRADE | BEARISH | 11/24/23 | $52.00 | $267.1K | 4.1K | 11 |
| SLB | PUT | SWEEP | BULLISH | 06/21/24 | $75.00 | $110.5K | 95 | 50 |
| SLB | CALL | SWEEP | BULLISH | 05/17/24 | $55.00 | $99.0K | 1.2K | 111 |
| SLB | PUT | SWEEP | BULLISH | 09/20/24 | $55.00 | $98.6K | 421 | 160 |
About SLB
SLB, formerly known as Schlumberger, 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.
Following our analysis of the options activities associated with SLB, we pivot to a closer look at the company's own performance.
Where Is SLB Standing Right Now?
- Currently trading with a volume of 6,467,068, the SLB's price is up by 0.21%, now at $53.04.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 71 days.
What The Experts Say On SLB
4 market experts have recently issued ratings for this stock, with a consensus target price of $73.0.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for SLB, targeting a price of $75.
- An analyst from Barclays persists with their Overweight rating on SLB, maintaining a target price of $77.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for SLB, targeting a price of $72.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for SLB, targeting a price of $68.
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 SLB with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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