Investors with a lot of money to spend have taken a bearish stance on Chevron CVX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $1,087,101, and 5 are calls, for a total amount of $268,581.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $210.0 for Chevron over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Chevron stands at 974.38, with a total volume reaching 395.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $85.0 to $210.0, throughout the last 30 days.
Chevron Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | PUT | TRADE | BULLISH | 06/20/25 | $15.0 | $14.75 | $14.8 | $160.00 | $888.0K | 2.1K | 0 |
| CVX | CALL | TRADE | NEUTRAL | 01/16/26 | $72.0 | $68.05 | $70.05 | $85.00 | $140.1K | 24 | 0 |
| CVX | PUT | TRADE | BULLISH | 03/21/25 | $13.35 | $13.2 | $13.2 | $160.00 | $55.4K | 309 | 0 |
| CVX | PUT | TRADE | BULLISH | 03/21/25 | $13.35 | $13.15 | $13.2 | $160.00 | $55.4K | 309 | 0 |
| CVX | PUT | SWEEP | BEARISH | 01/16/26 | $56.85 | $54.0 | $55.85 | $210.00 | $44.6K | 8 | 0 |
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.
Current Position of Chevron
- Trading volume stands at 2,715,301, with CVX's price down by -1.71%, positioned at $154.03.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 28 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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