Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron CVX revealed 10 unusual trades.
Delving into the details, we found 10% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $598,913, and 7 were calls, valued at $502,001.
What’s The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $170.0 for Chevron during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Chevron’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chevron’s substantial trades, within a strike price spectrum from $75.0 to $170.0 over the preceding 30 days.
Chevron Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVX | PUT | TRADE | BEARISH | 06/21/24 | $170.00 | $528.0K | 717 | 275 |
| CVX | CALL | SWEEP | BULLISH | 09/20/24 | $145.00 | $212.5K | 798 | 0 |
| CVX | CALL | TRADE | NEUTRAL | 01/16/26 | $75.00 | $115.8K | 24 | 15 |
| CVX | CALL | SWEEP | BEARISH | 03/15/24 | $150.00 | $45.2K | 5.7K | 628 |
| CVX | PUT | SWEEP | BEARISH | 01/17/25 | $155.00 | $44.7K | 2.0K | 90 |
About Chevron
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.
Having examined the options trading patterns of Chevron, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Chevron
- With a trading volume of 2,196,148, the price of CVX is up by 0.13%, reaching $152.2.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 45 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chevron options trades with real-time alerts from Benzinga Pro.
