Whales with a lot of money to spend have taken a noticeably bullish stance on Chevron.
Looking at options history for Chevron CVX we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $296,091 and 7, calls, for a total amount of $535,198.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $230.0 for Chevron over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chevron's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale trades within a strike price range from $125.0 to $230.0 in the last 30 days.
Chevron Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | CALL | SWEEP | BULLISH | 09/20/24 | $38.6 | $35.35 | $37.31 | $125.00 | $253.6K | 260 | 68 |
| CVX | PUT | SWEEP | BULLISH | 04/26/24 | $3.2 | $3.15 | $3.2 | $162.50 | $177.0K | 54 | 1 |
| CVX | CALL | TRADE | BULLISH | 04/19/24 | $6.55 | $6.35 | $6.5 | $155.00 | $98.1K | 8.2K | 206 |
| CVX | PUT | TRADE | BULLISH | 04/19/24 | $1.64 | $1.62 | $1.62 | $160.00 | $56.3K | 1.5K | 496 |
| CVX | CALL | TRADE | BULLISH | 12/19/25 | $2.62 | $2.4 | $2.55 | $230.00 | $50.9K | 153 | 200 |
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 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 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 US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
In light of the recent options history for Chevron, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Chevron's Current Market Status
- Trading volume stands at 2,468,572, with CVX's price up by 0.25%, positioned at $161.67.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 17 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
