This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
Large investors have taken a bearish stance on Chevron (NYSE:CVX), as indicated by unusual options activity tracked by Benzinga. The sentiment is split with 35% bullish and 50% bearish. Notable trades include both puts and calls, with a focus on a price range between $90 and $170. Chevron's stock is currently down by 0.29%, trading at $163.13.
May 15, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Large investors have taken a bearish stance on Chevron (NYSE:CVX), as indicated by unusual options activity. The sentiment is split with 35% bullish and 50% bearish. Notable trades include both puts and calls, with a focus on a price range between $90 and $170. Chevron's stock is currently down by 0.29%, trading at $163.13.
The unusual options activity, with a higher percentage of bearish sentiment (50%) compared to bullish (35%), suggests that large investors are expecting a decline in Chevron's stock price. This is further supported by the current slight decline in the stock price and the RSI indicating it may be approaching overbought territory.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100