27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Chevron.
Looking at options history for Chevron (NYSE:CVX) we detected 26 strange trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $440,244 and 17, calls, for a total amount of $869,446.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $125.0 to $200.0 for Chevron over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $125.0 to $200.0 in 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVX | PUT | TRADE | BEARISH | 01/19/24 | $125.00 | $163.8K | 5.3K | 2.6K |
| CVX | CALL | SWEEP | NEUTRAL | 01/19/24 | $160.00 | $94.2K | 3.7K | 662 |
| CVX | CALL | SWEEP | BULLISH | 01/19/24 | $160.00 | $94.0K | 3.7K | 762 |
| CVX | CALL | TRADE | BULLISH | 01/17/25 | $170.00 | $81.7K | 2.0K | 227 |
| CVX | CALL | TRADE | BEARISH | 11/03/23 | $165.00 | $75.6K | 355 | 180 |
Where Is Chevron Standing Right Now?
- With a volume of 12,535,748, the price of CVX is down -3.27% at $161.1.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 16 days.
What The Experts Say On Chevron:
- UBS has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $210.
- Mizuho has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $215.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Chevron, which currently sits at a price target of $203.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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