SLBSLB Limited
Options Analysis Report•OIL & GAS FIELD SERVICES, NEC
Market Cap $79.0B|NYSE
● 2026-04-17$52.66
BULLISH
Analysis: 2026-04-16 EOD data
1Y +52.1%YTD +31.0%7D +1.4%
Options Vol
16,183
30D
Implied Move
±11.6%
IV Rank
41%
SLB Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 59.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.98x — IV ≤ HV
Sector Relative≤50%
Sector percentile 68% — above sector median
Term Structure
<1.1xFront/Back 1.27x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 38.8% — normal range
Spread-Adjusted Value
<80%Effective IV 61.0% (ATM 38.8% + spread 11.1% + bias) — good value
Execution Efficiency
<3.0%Total drag 17.08% (spread 11.12% + slippage 5.96%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.32 (vega 25.932 / spread 11.12%) — efficient
Sentiment
Bullish or bearish?
6.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +5%, Raw: +2%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +5% (neutral) — Raw: +2%
OI Skew Magnitude
≥15%|OI skew| 25.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +46.0%, OI skew +25.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 20%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +25%, ATM: -44%, OTM: +20% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 9% — very bullish vs sector
Activity
Unusual activity?
3.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.0% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +4.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 17% — quiet vs sector
Trade Quality
≥30%Large trade volume 44% — institutional presence
Execution Urgency
≥60%Aggressive execution 43% — patient
Flow Conviction
≥30Conviction +5 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.1% — wide
Adequate OI
≥10,000OI 811,012 — deep
Active Volume
≥500Volume 16,183/day — active
Reasonable Cost
≤$0.50$0.56 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 70% — wider than sector
Order Book Depth
≥100 contractsDepth 329.20000000000005 contracts (bid:164.8 ask:164.4) — adequate
Execution Quality
<1.0%Avg slippage 5.96% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +27.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 59% — neutral
Event Detection
≥10pts kinkIV kink 8.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2913.75 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 7d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +5% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 74 (ITM 20% + inst 44%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.8
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV fair, bullish flow
Covered Call4.6
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.