Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Chevron (NYSE:CVX), with 10 uncommon options trades spotted. The sentiment of these big-money traders is 60% bullish and 40% bearish. Whales have been targeting a price range of $145 to $170 for Chevron over the last 3 months.
June 06, 2023 | 8:46 pm
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Chevron has experienced unusual options activity, with a 60% bullish and 40% bearish sentiment among big-money traders. The targeted price range is $145 to $170.
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 stock price, but it is not clear which direction the stock will move in the short term. The targeted price range of $145 to $170 suggests that there is potential for both upside and downside movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100