Whales with a lot of money to spend have taken a noticeably bearish stance on Schlumberger.
Looking at options history for Schlumberger (NYSE:SLB) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $226,568 and 3, calls, for a total amount of $268,475.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $75.0 for Schlumberger, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Schlumberger's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Schlumberger's whale trades within a strike price range from $47.5 to $75.0 in the last 30 days.
Schlumberger Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SLB | CALL | SWEEP | BEARISH | 01/16/26 | $1.78 | $1.65 | $1.65 | $75.00 | $164.6K | 648 | 0 |
| SLB | PUT | SWEEP | BULLISH | 09/20/24 | $7.25 | $7.1 | $7.1 | $55.00 | $64.6K | 1.5K | 0 |
| SLB | CALL | SWEEP | BEARISH | 11/15/24 | $4.75 | $4.65 | $4.65 | $47.50 | $54.4K | 81 | 105 |
| SLB | PUT | SWEEP | BULLISH | 09/20/24 | $7.2 | $7.1 | $7.1 | $55.00 | $50.4K | 1.5K | 139 |
| SLB | PUT | TRADE | BEARISH | 01/17/25 | $8.9 | $6.75 | $8.05 | $55.00 | $49.9K | 5.6K | 0 |
About Schlumberger
SLB 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.
Current Position of Schlumberger
- With a trading volume of 3,380,505, the price of SLB is up by 0.6%, reaching $48.77.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 70 days from now.
Professional Analyst Ratings for Schlumberger
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.4.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Schlumberger, targeting a price of $63.
- An analyst from B of A Securities persists with their Buy rating on Schlumberger, maintaining a target price of $62.
- An analyst from TD Cowen has decided to maintain their Buy rating on Schlumberger, which currently sits at a price target of $63.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Schlumberger, which currently sits at a price target of $65.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Schlumberger, targeting a price of $64.
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.