Trade Alert – (SLB) – EXPIRATION AT MAX PROFIT

EXPIRATION of the Schlumberger (SLB) January 2026 $47.50-$50 deep out-of-the-money vertical Bull Call spread LEAPS at $2.50

Closing Trade

Number of Contracts = 1 contract

This trade remained lost in the jungle for much of its 15-month life. It took the attack on Venezuela and the American seizure of oil fields there to bring the stock back to life, which soared by 34% since the beginning of 2026.

As a result, investors got to take home $160 or 177% in 15 months for each spread they bought. Well done, and on to the next trade.

You don’t have to do anything with this expiration.

Your broker automatically uses your long position to cover your short position, canceling out the total holdings.

The entire profit must have been credited to your account by Monday morning, January 26, and the margin freed up.

Some firms charge you a modest $10 or $15 fee for performing this service. The flight of money right now is from small, undercapitalized, and questionable to large, overcapitalized, and rock-solid balance sheets.

Schlumberger (SLB) is the preeminent oil service company in the United States and has a long history of doing business in Venezuela. The country will receive $190 billion in new investment to bring its oil production up from the current 800,000 barrels a day to its potential 4 million barrels a day. No doubt, there are potentially huge new business opportunities for Schlumberger (SLB) in Venezuela. At least this is what traders think.

This was a bet that Schlumberger (SLB) would expire above $50.00 by the January 23, 2026, option expiration in 15 months.

LEAPS stand for Long Term Equity Anticipation Securities.

(SLB) doesn’t even have to get to a new all-time high to make the max profit. It only has to get back to $50.00.

Here is the specific accounting needed to close out this position:

EXPIRATION of Long 1 January 2026 (SLB) $47.50 calls at………….$2.50

EXPIRATION of Short 1 January 2026 (SLB) $50.00 calls at……..…$0.00

Net Proceeds:………………………….…………………………….…………………$2.50

Profit: $2.50 – $0.90 = $1.60

(1 X 100 X $1.60) = $160 or 177% in 15 months.