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This Is What Whales Are Betting On Shell

Benzinga logo Benzinga 3/27/2023 Benzinga Insights

A whale with a lot of money to spend has taken a noticeably bullish stance on Shell.

Looking at options history for Shell (NYSE:SHEL) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $632,750 and 2, calls, for a total amount of $78,300.

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 $47.5 to $62.5 for Shell over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Shell'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 Shell's whale trades within a strike price range from $47.5 to $62.5 in the last 30 days.

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Shell Option Volume And Open Interest Over Last 30 Days

Options Call Chart © Provided by Benzinga Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SHEL PUT TRADE BEARISH 10/20/23 $57.50 $162.4K 437 280
SHEL PUT SWEEP BULLISH 01/19/24 $62.50 $101.6K 226 107
SHEL PUT SWEEP BULLISH 04/21/23 $55.00 $98.2K 3.2K 655
SHEL PUT SWEEP BULLISH 10/20/23 $47.50 $86.0K 467 0
SHEL PUT SWEEP BULLISH 04/21/23 $55.00 $70.4K 3.2K 1.2K

Where Is Shell Standing Right Now?

With a volume of 3,678,978, the price of SHEL is up 2.6% at $55.99. RSI indicators hint that the underlying stock may be approaching oversold. Next earnings are expected to be released in 38 days.

What The Experts Say On Shell:

Goldman Sachs upgraded its action to Buy with a price target of $85

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 Shell, Benzinga Pro gives you real-time options trades alerts.


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