Schlumberger Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Schlumberger (NYSE:SLB) as indicated by recent options trading activity. Benzinga's options scanner identified 8 trades, with 7 being puts and 1 call, suggesting a negative market sentiment. The total amount for puts was $587,129, while the call was $35,100. The stock is currently trading at $42.98, down by 0.51%.
June 06, 2024 | 3:02 pm
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NEGATIVE IMPACT
Recent options trading activity shows a bearish sentiment towards Schlumberger (NYSE:SLB), with 7 out of 8 trades being puts. This suggests that major market players expect the stock to decline in the short term.
The high volume of put options compared to call options indicates that investors are expecting a decline in Schlumberger's stock price. The stock is already down 0.51%, and the bearish sentiment from options trading suggests further downside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100