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Check Out What Whales Are Doing With HAL

Someone with a lot of money to spend has taken a bearish stance on Halliburton HAL.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with HAL, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 15 uncommon options trades for Halliburton.

This isn’t normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 13 are puts, for a total amount of $417,446, and 2 are calls, for a total amount of $124,965.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $44.0 for Halliburton over the last 3 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 $25.0 to $44.0 in the last 30 days.

Halliburton Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HAL CALL TRADE BULLISH 01/20/23 $29.00 $89.4K 74 268
HAL PUT SWEEP NEUTRAL 01/19/24 $32.00 $51.9K 583 60
HAL PUT SWEEP BULLISH 01/20/23 $44.00 $48.5K 9 262
HAL CALL SWEEP BULLISH 09/16/22 $25.00 $35.5K 151 211
HAL PUT TRADE BEARISH 01/19/24 $30.00 $29.6K 697 189
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HAL CALL TRADE BULLISH 01/20/23 $29.00 $89.4K 74 268
HAL PUT SWEEP NEUTRAL 01/19/24 $32.00 $51.9K 583 60
HAL PUT SWEEP BULLISH 01/20/23 $44.00 $48.5K 9 262
HAL CALL SWEEP BULLISH 09/16/22 $25.00 $35.5K 151 211
HAL PUT TRADE BEARISH 01/19/24 $30.00 $29.6K 697 189

Where Is Halliburton Standing Right Now?

  • With a volume of 5,552,613, the price of HAL is up 2.07% at $27.84.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 74 days.

What The Experts Say On Halliburton:

  • Wells Fargo has decided to maintain their Equal-Weight rating on Halliburton, which currently sits at a price target of $33.
  • Morgan Stanley has decided to maintain their Overweight rating on Halliburton, which currently sits at a price target of $40.
  • Goldman Sachs has decided to maintain their Buy rating on Halliburton, which currently sits at a price target of $35.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Halliburton, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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