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Decoding Schlumberger's Options Activity: What's the Big Picture?

Benzinga ·  15:01

Whales with a lot of money to spend have taken a noticeably bullish stance onSchlumberger.

Looking at options history for Schlumberger (NYSE:SLB) we detected 29 trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $200,361 and 25, calls, for a total amount of $1,344,243.

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 $35.0 to $52.5 for Schlumberger over...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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