Deep-pocketed investors have adopted a bearish approach towards Chevron CVX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Chevron. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 54% bearish. Among these notable options, 4 are puts, totaling $169,056, and 7 are calls, amounting to $337,288.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $195.0 for Chevron over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Chevron stands at 2140.6, with a total volume reaching 2,431.00. 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 $140.0 to $195.0, throughout the last 30 days.
Chevron 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | CALL | SWEEP | BEARISH | 01/16/26 | $7.35 | $7.15 | $7.2 | $170.00 | $70.5K | 1.5K | 105 |
| CVX | CALL | SWEEP | BULLISH | 02/21/25 | $7.85 | $7.7 | $7.75 | $150.00 | $68.9K | 4.1K | 163 |
| CVX | PUT | SWEEP | BEARISH | 03/21/25 | $0.73 | $0.7 | $0.7 | $140.00 | $64.8K | 4.1K | 916 |
| CVX | CALL | SWEEP | BEARISH | 01/15/27 | $6.75 | $5.95 | $5.95 | $195.00 | $49.3K | 748 | 85 |
| CVX | CALL | SWEEP | NEUTRAL | 02/14/25 | $2.58 | $2.45 | $2.51 | $157.50 | $47.8K | 2.3K | 189 |
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.
Following our analysis of the options activities associated with Chevron, we pivot to a closer look at the company's own performance.
Chevron's Current Market Status
- Currently trading with a volume of 4,577,672, the CVX's price is up by 0.1%, now at $156.17.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 7 days.
What Analysts Are Saying About Chevron
In the last month, 2 experts released ratings on this stock with an average target price of $172.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Chevron, targeting a price of $180. * An analyst from Truist Securities has decided to maintain their Hold rating on Chevron, which currently sits at a price target of $164.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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