Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 60% of recent trades being bearish and 40% bullish. The total amount for puts is $78,632 and for calls is $728,609. Whales have been targeting a price range from $160.0 to $195.0 for Chevron over the last 3 months. The current price of CVX is up 1.29% at $169.97. Mizuho maintains their Buy rating on Chevron with a price target of $215.
September 27, 2023 | 2:46 pm
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Chevron has seen a bearish stance from a significant investor, with 60% of recent trades being bearish. The current price of CVX is up 1.29% at $169.97. Mizuho maintains their Buy rating on Chevron with a price target of $215.
The bearish stance from a significant investor could potentially put downward pressure on Chevron's stock price. However, the current price is up and Mizuho maintains a Buy rating with a price target of $215, which could counteract some of this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100