Decoding Chevron's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Chevron (NYSE:CVX) shows a bearish sentiment among traders, with significant trades in both puts and calls. Analysts have mixed ratings, with price targets ranging from $150 to $189. The stock is currently down 2.2% at $147.79, with RSI indicators suggesting it may be overbought.
October 08, 2024 | 2:46 pm
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Chevron's recent options activity indicates a bearish sentiment, with a significant number of puts and calls traded. Analysts have mixed ratings, with price targets between $150 and $189. The stock is currently down 2.2% at $147.79, and RSI indicators suggest it may be overbought.
The options activity shows a bearish sentiment with more puts than calls, indicating traders expect the stock to decline. Analysts' mixed ratings and the current price drop of 2.2% further support a negative short-term outlook. The RSI suggests the stock may be overbought, adding to the bearish sentiment.
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