Unpacking the Latest Options Trading Trends in Schlumberger
Portfolio Pulse from Benzinga Insights
Investors have shown a bullish stance on Schlumberger (NYSE:SLB), with significant options trading activity indicating a price target range of $40.0 to $62.5. The trading sentiment is split, with 55% bullish and 44% bearish. Notable trades include bullish calls and puts with expiration dates in 2024. Schlumberger, the world's largest oilfield service firm, has seen its stock price increase by 1.08% to $47.59, with analysts giving mixed reviews but generally maintaining positive ratings and high target prices.
February 12, 2024 | 4:46 pm
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Significant options trading activity on Schlumberger indicates a bullish sentiment, with a price target range of $40.0 to $62.5. Analysts maintain positive ratings despite some downgrades, suggesting a strong outlook for the company.
The significant options trading activity, particularly the bullish calls, combined with the positive analyst ratings and the recent stock price increase, suggests a strong short-term outlook for Schlumberger. The detailed options trades and the analysts' target prices support a bullish sentiment, which is likely to influence the stock price positively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100