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Someone with a lot of money to spend has taken a bullish stance on Halliburton HAL.
And retailers should know that.
We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.
Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with HAL, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 18 unusual options trades for Halliburton.
It’s not normal.
The general sentiment of these big traders is split between 66% bullish and 33% bearish.
Of all the special options we discovered, 3 are put options, totaling $106,846, and 15 are call options, totaling $690,927.
What is the target price?
Given the volume and open interest on these contracts, it appears the whales have been targeting a $22.0-$37.0 price range for Halliburton over the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Halliburton options trades today is 2,888.38 with a total volume of 5,563.00.
In the following chart, we are able to track the evolution of Halliburton’s call and put option volume and open interest for large trades within a strike price range of $22.0 at $37.0 in the last 30 days.
Halliburton Options Volume and Open Interest in the Last 30 Days
The biggest options spotted:
| symbol | PUT/CALL | Kind of trade | Feeling | Exp. Dated | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HAL | TO CALL | TO SWEEP UP | BULLISH | 03/04/22 | $32.50 | $96,000 | 71 | 526 |
| HAL | TO CALL | TO SWEEP UP | BULLISH | 02/18/22 | $34.00 | $86.7K | 1.5K | 2.1K |
| HAL | TO CALL | TO SWEEP UP | BULLISH | 06/17/22 | $30.00 | $58.8,000 | 11.6K | 236 |
| HAL | TO CALL | TRADE | BULLISH | 06/17/22 | $35.00 | $55.4,000 | 1.8K | 309 |
| HAL | TO CALL | TRADE | BEARISH | 02/18/22 | $25.00 | $50,100 | 15.6K | 76 |
Where is Halliburton right now?
- With a volume of 10,023,614, the price of HAL is up 3.52% at $33.55.
- RSI indicators suggest that the underlying stock may be overbought.
- The next results should be published in 68 days.
What the experts say about Halliburton:
- JP Morgan improved its overweight stock with a price target of $32
- Morgan Stanley has decided to maintain its overweight rating on Halliburton, which currently sits at a price target of $32.
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.
If you are already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to bolster your investment and trading strategy.
