Chevron Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
Chevron (NYSE:CVX) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 10 strange trades detected, 60% were bullish and 40% were bearish. The total amount for puts was $283,367 and for calls was $365,458. Whales have been targeting a price range from $150.0 to $220.0 for Chevron over the last 3 months. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Chevron, with price targets of $210, $215, and $203 respectively.

October 16, 2023 | 5:00 pm
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Chevron has seen unusual options activity, with a significant number of investors taking a bullish stance. Analysts from UBS, Mizuho, and Morgan Stanley have maintained their positive ratings on the company.
The unusual options activity, particularly the bullish stance taken by a significant number of investors, indicates a positive sentiment towards Chevron. This, combined with the maintained positive ratings from UBS, Mizuho, and Morgan Stanley, suggests a potential increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100