Bearish flow noted in Schlumberger with 4,755 puts trading, or 1.9x expected. Most active are Mar-26 47.5 puts and Mar-26 47 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 1.81, while ATM IV is up over 4 points on the day. Earnings are expected on May 1st.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLB:
- Oil Prices Surge — Is the Vanguard Energy ETF (VDE) Still a Buy?
- Oil Prices Are Soaring Today. Buy These 2 Energy Stocks Now, According to Wall Street
- Global Investors Head to Venezuela to Explore Oil and Debt Opportunities as U.S. Ties Improve
- Why Energy Traders Expect Oil to Hit $100 per Barrel
- This Is the Best Oil Stock to Buy Now, Says Goldman Sachs (GS)