SLB Unusual Options Activity For May 31
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Schlumberger Limited (NYSE:SLB) with a bearish stance. Benzinga's options scanner spotted 10 uncommon options trades, with 30% bullish and 70% bearish sentiment. The total trade price for 6 puts is $672,595, and for 4 calls, it is $702,921. Whales have been targeting a price range of $40.0 to $47.5 for SLB over the last 3 months.
May 31, 2023 | 6:46 pm
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Schlumberger Limited (NYSE:SLB) experiences unusual options activity with a bearish stance. 10 uncommon options trades were spotted, with 30% bullish and 70% bearish sentiment. Whales have been targeting a price range of $40.0 to $47.5 for SLB over the last 3 months.
The unusual options activity with a predominantly bearish sentiment indicates that large investors or institutions may have information that could negatively impact SLB's stock price in the short term. The targeted price range of $40.0 to $47.5 over the last 3 months also suggests that these investors expect the stock price to move within this range. This bearish sentiment could lead to a short-term decrease in SLB's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100