Chevron Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Chevron (NYSE:CVX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $155.0 to $220.0 for Chevron over the last 3 months. Mizuho maintains a Buy rating on Chevron with a price target of $215.
September 19, 2023 | 2:16 pm
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Unusual options activity indicates a bearish sentiment towards Chevron. The targeted price range is between $155 and $220. Mizuho maintains a Buy rating with a price target of $215.
The unusual options activity, with a majority bearish sentiment, indicates that big-money traders expect Chevron's stock price to decrease. However, Mizuho's maintained Buy rating with a price target of $215 suggests a potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100