Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Chevron (NYSE:CVX), with 15 uncommon options trades spotted. The sentiment of these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $80.0 to $180.0 for Chevron over the last 3 months.
May 18, 2023 | 6:17 pm
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Chevron (NYSE:CVX) has experienced unusual options activity, with 15 uncommon trades observed. The sentiment among big-money traders is 53% bullish and 46% bearish, targeting a price range of $80.0 to $180.0.
The unusual options activity in Chevron indicates that big-money traders are divided in their sentiment, with a slight majority being bullish. This could lead to increased volatility in the short term, but the overall impact on the stock price is uncertain due to the mixed sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100