Investors with a lot of money to spend have taken a bullish stance on Chevron (NYSE: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:

About Chevron

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.