Schlumberger Ltd (SLB) $67.03 -1.67%
Schlumberger (SLB) loses $1.26 to $66.91 and a Jan 57.5 – 70 bearish risk-reversal trades on the stock at $1.04, 10000X. The position is possibly closing and comes after a two-week 13.2 percent skid in the share price. Or, a shareholder might have initiated the trade to collar the stock and hedge some of the risk of additional losses in SLB.
Category: All Stocks, Large Cap Stocks, Oil Equipment, Services & Distribution
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
