SLB options flow: unusual options activity in SLB Limited
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 26 unusual options prints in SLB Limited (SLB), $1.7M of tracked premium, leaning firmly bullish. Bullish premium was $1.1M against $529K bearish; $578K went into calls and $1.2M into puts, a put call ratio of 2.02. The largest print was $488K of SLB 18 Dec 2026 $45 puts on 25 September 2026, executed at bid. The last session with prints, 25 September 2026, added 7 prints and $892K of premium. SLB closed at $51.54 on 25 September 2026, up 0.2%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | SLB 18 Dec 2026 $45 puts | Trade | 4,649 | 6,630 | $488K | At bid | Bullish | Notable |
| 25 Sep 2026 | SLB 17 Jun 2027 $50 puts | Trade | 350 | 3,666 | $175K | At bid | Bullish | |
| 24 Sep 2026 | SLB 20 Nov 2026 $60 calls | Trade | 1,708 | 3,482 | $145K | At bid | Bearish | |
| 21 Sep 2026 | SLB 19 Mar 2027 $70 calls | Sweep | 820 | 6,796 | $89K | At ask | Bullish | Notable |
| 25 Sep 2026 | SLB 19 Jan 2029 $50 puts | Trade | 100 | 191 | $86K | At bid | Bullish | |
| 22 Sep 2026 | SLB 15 Jan 2027 $52.50 calls | Sweep | 220 | 4,089 | $84K | At bid | Bearish | Notable |
| 23 Sep 2026 | SLB 17 Jun 2027 $47.50 puts | Trade | 129 | 1,172 | $49K | At ask | Bearish | Notable |
| 22 Sep 2026 | SLB 17 Sep 2027 $52.50 puts | Sweep | 68 | 4 | $47K | At bid | Bullish | Notable |
| 25 Sep 2026 | SLB 16 Oct 2026 $52 calls | Sweep | 240 | 312 | $42K | At bid | Bearish | Notable |
| 21 Sep 2026 | SLB 19 Mar 2027 $55 puts | Sweep | 53 | 703 | $40K | At bid | Bullish | Notable |
| 23 Sep 2026 | SLB 19 Feb 2027 $50 calls | Sweep | 56 | 121 | $37K | At midpoint | Neutral | |
| 25 Sep 2026 | SLB 19 Feb 2027 $50 puts | Sweep | 100 | 287 | $37K | At ask | Neutral |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 18 Dec 2026 | 4 | $576K | 15% | +$401K |
| 17 Jun 2027 | 4 | $285K | 0% | +$124K |
| 20 Nov 2026 | 3 | $204K | 100% | -$137K |
| 19 Mar 2027 | 3 | $155K | 57% | +$155K |
| 16 Oct 2026 | 3 | $107K | 72% | -$35K |
| 17 Sep 2027 | 3 | $106K | 0% | +$106K |
The most premium, $576K, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | SLB 18 Dec 2026 $45 puts | Trade | 4,649 | 6,630 | $488K | At bid | Bullish | Notable |
| 25 Sep 2026 | SLB 17 Jun 2027 $50 puts | Trade | 350 | 3,666 | $175K | At bid | Bullish | |
| 25 Sep 2026 | SLB 19 Jan 2029 $50 puts | Trade | 100 | 191 | $86K | At bid | Bullish | |
| 25 Sep 2026 | SLB 16 Oct 2026 $52 calls | Sweep | 240 | 312 | $42K | At bid | Bearish | Notable |
| 25 Sep 2026 | SLB 19 Feb 2027 $50 puts | Sweep | 100 | 287 | $37K | At ask | Neutral |
Every print in SLB with its full detail, the live tape, one tap filters and saved screeners: open SLB in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open SLB in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 14 firms, have a median of $64, 23.2% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About SLB Limited
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Petroleum And Natural Gas
- Headquarters
- HOUSTON, Texas
- Website
- slb.com
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services.
In the same sector
Flow pages for other Energy names in the S&P 500:
XOM ExxonMobil Holdings Corp.CVX Chevron Corp.COP ConocoPhillipsVLO Valero Energy Corp.MPC Marathon Petroleum Corp.PSX Phillips 66WMB Williams Companies, Inc.EOG EOG Resources Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for SLB with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open SLB in Options Sentiment Screener