Check Out What Whales Are Doing With CVX
Portfolio Pulse from Benzinga Insights
Whale investors have shown a mixed sentiment towards Chevron (NYSE:CVX), with options trading indicating a split between bullish and bearish positions. Benzinga's options scanner revealed 14 unusual trades, with a price target range of $130.0 to $155.0 for CVX over the next three months. The trading volume and open interest in Chevron's options suggest significant investor interest, particularly in puts, which have seen larger total trade prices compared to calls. Chevron's current market status shows a slight increase in stock price, with an upcoming earnings report in 49 days.
March 08, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Whale investors' mixed sentiment and unusual options activity indicate uncertainty around Chevron's stock direction. The price target range is $130-$155, with significant interest in both puts and calls. Chevron's stock has slightly increased, with an upcoming earnings report that could influence stock price.
The mixed sentiment among whale investors, as evidenced by the balanced bullish and bearish options trades, creates uncertainty about the short-term direction of CVX's stock price. The significant interest in options trading, especially in puts, suggests that investors are preparing for potential volatility. However, the slight increase in stock price and the neutral RSI values indicate stability. The upcoming earnings report is a critical event that could sway the stock price significantly, depending on the company's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100