Investors with a lot of money to spend have taken a bullish 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 14 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,167,350, and 5 are calls, for a total amount of $198,022.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $155.0 for Chevron over the recent three months.
Analyzing 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 $130.0 to $155.0, over the past month.
Chevron 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVX | PUT | TRADE | BULLISH | 06/20/25 | $140.00 | $527.5K | 430 | 500 |
| CVX | PUT | SWEEP | BULLISH | 01/17/25 | $150.00 | $161.0K | 5.8K | 171 |
| CVX | PUT | TRADE | BULLISH | 12/20/24 | $130.00 | $133.5K | 109 | 302 |
| CVX | PUT | SWEEP | BEARISH | 01/17/25 | $150.00 | $100.8K | 5.8K | 580 |
| CVX | PUT | TRADE | BULLISH | 01/17/25 | $150.00 | $72.2K | 5.8K | 287 |
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.
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 5,149,903, the price of CVX is up by 0.48%, reaching $150.09.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 49 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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