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.
Whales with a lot of money to spend have taken a noticeably bullish stance on Chevron.
Looking at options history for Chevron (NYSE:CVX) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $210,937 and 12, calls, for a total amount of $787,565.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $185.0 for Chevron over the recent three months.
Volume & Open Interest Trends
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 $185.0, over the past month.
Chevron Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | CALL | SWEEP | BEARISH | 12/20/24 | $14.0 | $13.95 | $14.0 | $155.00 | $130.2K | 572 | 98 |
| CVX | CALL | SWEEP | BULLISH | 06/21/24 | $7.65 | $7.55 | $7.7 | $155.00 | $115.5K | 5.4K | 154 |
| CVX | CALL | SWEEP | BULLISH | 01/17/25 | $21.6 | $21.55 | $21.55 | $145.00 | $88.3K | 3.4K | 62 |
| CVX | CALL | TRADE | NEUTRAL | 06/21/24 | $8.3 | $8.1 | $8.21 | $155.00 | $82.1K | 5.4K | 267 |
| CVX | CALL | SWEEP | BEARISH | 04/26/24 | $3.3 | $3.2 | $3.2 | $160.00 | $64.1K | 1.3K | 270 |
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.
After a thorough review of the options trading surrounding Chevron, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Chevron
- Trading volume stands at 5,243,928, with CVX's price up by 0.16%, positioned at $158.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 25 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chevron with Benzinga Pro for real-time 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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