Investors with a lot of money to spend have taken a bullish stance on Halliburton HAL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HAL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Halliburton.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $316,547, and 5 are calls, for a total amount of $178,365.
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 $30.0 to $40.0 for Halliburton over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Halliburton options trades today is 3153.2 with a total volume of 3,371.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Halliburton's big money trades within a strike price range of $30.0 to $40.0 over the last 30 days.
Halliburton 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 |
|---|---|---|---|---|---|---|---|---|
| HAL | PUT | SWEEP | BULLISH | 01/26/24 | $33.00 | $85.2K | 16.9K | 20 |
| HAL | PUT | SWEEP | BULLISH | 01/19/24 | $34.00 | $66.0K | 5.5K | 1.5K |
| HAL | PUT | SWEEP | BULLISH | 01/17/25 | $30.00 | $55.0K | 2.8K | 500 |
| HAL | CALL | SWEEP | BULLISH | 02/09/24 | $35.00 | $50.1K | 438 | 418 |
| HAL | PUT | SWEEP | BEARISH | 01/17/25 | $30.00 | $43.8K | 2.8K | 277 |
About Halliburton
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Where Is Halliburton Standing Right Now?
- Currently trading with a volume of 2,715,974, the HAL's price is down by -0.26%, now at $35.12.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 14 days.
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 Halliburton options trades with real-time alerts from Benzinga Pro.
© 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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