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What the Options Market Tells Us About Schlumberger

Benzinga ·  Oct 26 00:05

Deep-pocketed investors have adopted a bullish approach towards Schlumberger (NYSE:SLB), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SLB usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Schlumberger. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these...

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