Looking At Chevron's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity in Chevron (NYSE:CVX), with a significant bearish sentiment. Benzinga's options scanner highlighted 13 extraordinary options activities, with 38% bearish and 30% bullish. The major market movers are focusing on a price band between $120.0 and $175.0 for Chevron.
June 14, 2024 | 8:15 pm
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Unusual options activity in Chevron (NYSE:CVX) indicates a bearish sentiment among deep-pocketed investors. The focus is on a price band between $120.0 and $175.0, with significant put and call options activity.
The significant bearish sentiment among deep-pocketed investors, as indicated by the unusual options activity, suggests potential downward pressure on Chevron's stock price in the short term. The focus on a price band between $120.0 and $175.0 further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100