Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Chevron (NYSE:CVX) indicates a bearish sentiment among deep-pocketed investors, with a significant volume of puts and calls suggesting a targeted price range of $140.0 to $180.0. The largest trades include both bearish and bullish sentiments, with notable trades in calls and puts. Chevron, a major integrated energy company, has seen its stock price increase by 0.95% to $151.01, with a neutral RSI and an upcoming earnings report in 51 days. An analyst from DZ Bank downgraded Chevron to Hold with a price target of $160.
March 06, 2024 | 7:00 pm
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NEUTRAL IMPACT
Chevron's unusual options activity, with a mix of bearish and bullish sentiments, suggests volatility. The stock's recent performance and the downgrade by DZ Bank could influence short-term price movements.
The unusual options activity, indicating a bearish sentiment among investors, combined with the recent downgrade by DZ Bank, suggests that CVX might experience short-term volatility. However, the stock's current neutral RSI and the upcoming earnings report add uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100