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Bonawyn Eison Sees Unusual Options Activity In Schlumberger

On CNBC's "Options Action," Bonawyn Eison spoke about Schlumberger NV (NYSE: SLB), which is due to report earnings Friday morning.

· 10/16/2020 06:53

On CNBC's "Options Action," Bonawyn Eison spoke about Schlumberger NV (NYSE:SLB), which is due to report earnings Friday morning. The options market is implying a move of 5% in either direction for the event.

The trade that really stuck out to Eison on Thursday was the purchase of the 1,000 contracts of the November $17.50 calls for 56 cents. The breakeven for the trade is at $18.06 or around 10% above the current stock price.