Decoding Chevron's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Chevron (NYSE:CVX) shows a predominantly bearish sentiment among large investors, with 75% of trades being bearish. The trades indicate a price window of $150.0 to $165.0 for Chevron. The stock is currently trading at $156.85, up by 2.3%, but RSI indicators suggest it may be approaching overbought territory.
June 20, 2024 | 5:46 pm
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Options activity for Chevron indicates a bearish sentiment with 75% of trades being bearish. The stock is currently trading at $156.85, up by 2.3%, but RSI indicators suggest it may be approaching overbought territory.
The majority of options trades for Chevron are bearish, indicating that large investors expect the stock price to decline. Despite the current price increase, RSI indicators suggest the stock may be overbought, which could lead to a price correction.
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