What the Options Market Tells Us About Chevron
Portfolio Pulse from Benzinga Insights
The options market shows a mixed sentiment towards Chevron (CVX), with a slight bearish tilt. Significant options trades have been detected, with a focus on a price range of $145 to $170. The stock is currently down 1.4% at $144.77, and analysts have mixed ratings with a consensus target price of $168.75.
August 20, 2024 | 3:31 pm
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Chevron's options market activity indicates a mixed sentiment with a slight bearish tilt. The stock is currently down 1.4% at $144.77, and analysts have set a consensus target price of $168.75.
The options market shows a slight bearish sentiment with 46% bearish trades compared to 40% bullish. The stock is currently trading below the projected price range of $145 to $170, and the recent price drop of 1.4% suggests a negative short-term outlook. Analysts' mixed ratings and a consensus target price above the current trading price indicate potential for recovery, but the immediate sentiment is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100