Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron CVX revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $178,581, and 4 were calls, valued at $133,008.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $147.0 and $170.0 for Chevron, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chevron's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chevron's significant trades, within a strike price range of $147.0 to $170.0, over the past month.
Chevron 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | PUT | SWEEP | BEARISH | 02/14/25 | $5.6 | $5.5 | $5.6 | $160.00 | $61.0K | 1.6K | 336 |
| CVX | CALL | TRADE | BULLISH | 06/18/26 | $18.05 | $15.4 | $17.0 | $155.00 | $44.2K | 77 | 4 |
| CVX | PUT | SWEEP | BULLISH | 02/14/25 | $6.05 | $5.55 | $5.55 | $160.00 | $35.5K | 1.6K | 180 |
| CVX | CALL | SWEEP | BULLISH | 01/31/25 | $9.65 | $8.9 | $9.7 | $147.00 | $32.0K | 63 | 35 |
| CVX | CALL | TRADE | BEARISH | 01/31/25 | $9.3 | $9.05 | $9.15 | $147.00 | $30.1K | 63 | 134 |
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
- With a trading volume of 1,777,065, the price of CVX is up by 0.21%, reaching $157.56.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 3 days from now.
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 Truist Securities continues to hold a Hold rating for Chevron, targeting a price of $164. * Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Chevron with a target price of $180.
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.
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