Chevron's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Chevron has seen significant bearish options activity, with 66% of trades showing bearish tendencies. The trading activity suggests a price range of $130 to $152.5 for Chevron in the short term. Analysts have mixed ratings, with a consensus target price of $168.6.
October 29, 2024 | 8:01 pm
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Chevron is experiencing significant bearish options activity, with 66% of trades showing bearish sentiment. The stock is currently trading at $148.48, down 1.37%. Analysts have mixed ratings, with a consensus target price of $168.6.
The article highlights a significant bearish sentiment in Chevron's options trading, with 66% of trades being bearish. This suggests a potential short-term downward pressure on the stock price. Additionally, the stock is currently trading below the consensus target price, indicating potential undervaluation. However, mixed analyst ratings add uncertainty to the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100