Chevron Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 63% of the detected trades being bearish and 36% bullish. The total amount for puts is $233,325 and for calls is $394,254. Whales have been targeting a price range from $140.0 to $170.0 for Chevron over the last 3 months. The current price of CVX is up 0.24% at $160.57.
August 31, 2023 | 4:32 pm
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Bearish stance taken on Chevron with majority of trades being bearish. Whales target price range $140-$170. Current price up 0.24% at $160.57.
The bearish stance taken by a significant investor, along with the majority of detected trades being bearish, indicates a potential downward pressure on Chevron's stock price in the short term. The targeted price range by whales also suggests that the stock price might fluctuate within this range. The current price increase of 0.24% might be temporary given the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100