Chevron's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected significant options trading activity for Chevron (NYSE:CVX), with a total amount of $309,250 in trades. Whales have been targeting a price range of $150.0 to $170.0 for Chevron over the last 3 months. The largest options trades observed were predominantly bullish, with calls and puts indicating a positive sentiment. Chevron's current trading volume is 2,426,089, with the stock price at $160.66, down by -0.81%. Earnings announcement is expected in 14 days.
July 19, 2024 | 5:01 pm
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Benzinga's options scanner detected significant options trading activity for Chevron (NYSE:CVX), with a total amount of $309,250 in trades. Whales have been targeting a price range of $150.0 to $170.0 for Chevron over the last 3 months. The largest options trades observed were predominantly bullish, with calls and puts indicating a positive sentiment. Chevron's current trading volume is 2,426,089, with the stock price at $160.66, down by -0.81%. Earnings announcement is expected in 14 days.
The significant options trading activity, particularly the bullish sentiment from whales, suggests a positive outlook for Chevron's stock price in the short term. The targeted price range of $150.0 to $170.0 indicates investor confidence. Additionally, the upcoming earnings announcement could further influence the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100