Struggling Seadrill Limited (SDRL) Has Option Bears Busy

Seadrill Ltd (SDRL) speculators are gambling on additional losses

Digital Content Group
Feb 10, 2015 at 2:10 PM
facebook X logo linkedin


Amid crude's first dip in four sessions, Seadrill Ltd (NYSE:SDRL) is floundering -- down 6.2% this afternoon to trade at $13.44. Meanwhile, bearish betting has picked up in the stock's options pits, with put volume running at a 43% mark-up to what's expected at this point in the day.

Receiving notable attention has been SDRL's weekly 2/13 13-strike put. Several signs suggest this could be buy-to-open activity, as speculators roll the dice on additional downside through week's end, when the series expires.

These aren't the only traders who see red ahead. During the most recent reporting period, short interest on SDRL spiked 18%, with 8.5% of the stock's total float now dedicated to short interest.

Returning to the charts, Seadrill Ltd (NYSE:SDRL) has had a rough go of it. Over the last year, the shares have tumbled roughly 64%. More recently, the security has underperformed the broader S&P 500 Index (SPX) by almost 33 percentage points over the past three months.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI