High-rolling investors have positioned themselves bullish on Halliburton HAL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HAL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Halliburton. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $279,760, and 7 calls, totaling $993,342.
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 $30.0 and $40.0 for Halliburton, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Halliburton'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 Halliburton's whale activity within a strike price range from $30.0 to $40.0 in the last 30 days.
Halliburton 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HAL | CALL | TRADE | NEUTRAL | 05/17/24 | $37.00 | $645.8K | 2.0K | 412 |
| HAL | PUT | TRADE | BULLISH | 04/05/24 | $33.00 | $279.7K | 112 | 10.7K |
| HAL | CALL | SWEEP | BULLISH | 03/15/24 | $36.00 | $130.4K | 3.2K | 1.7K |
| HAL | CALL | TRADE | BEARISH | 06/21/24 | $30.00 | $69.5K | 366 | 102 |
| HAL | CALL | TRADE | BEARISH | 01/17/25 | $30.00 | $42.2K | 669 | 54 |
About Halliburton
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Having examined the options trading patterns of Halliburton, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Halliburton
- With a volume of 2,509,201, the price of HAL is down 0.0% at $35.35.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 47 days.
What The Experts Say On Halliburton
In the last month, 1 experts released ratings on this stock with an average target price of $49.0.
- An analyst from Susquehanna has revised its rating downward to Positive, adjusting the price target to $49.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Halliburton options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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