Chevron Whale Trades Spotted

Chevron Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Chevron.

Looking at options history for Chevron CVX we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $264,152 and 15, calls, for a total amount of $825,721.

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 $130.0 to $200.0 for Chevron over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $130.0 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 CALL TRADE NEUTRAL 10/21/22 $130.00 $171.0K 374 50
CVX PUT SWEEP BEARISH 09/30/22 $152.50 $125.0K 936 854
CVX CALL SWEEP BULLISH 10/21/22 $180.00 $111.0K 2.4K 1.0K
CVX CALL SWEEP NEUTRAL 09/16/22 $162.50 $104.5K 3.3K 2.1K
CVX PUT SWEEP NEUTRAL 09/16/22 $160.00 $66.6K 4.3K 1.8K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CVX CALL TRADE NEUTRAL 10/21/22 $130.00 $171.0K 374 50
CVX PUT SWEEP BEARISH 09/30/22 $152.50 $125.0K 936 854
CVX CALL SWEEP BULLISH 10/21/22 $180.00 $111.0K 2.4K 1.0K
CVX CALL SWEEP NEUTRAL 09/16/22 $162.50 $104.5K 3.3K 2.1K
CVX PUT SWEEP NEUTRAL 09/16/22 $160.00 $66.6K 4.3K 1.8K

Where Is Chevron Standing Right Now?

  • With a volume of 7,366,301, the price of CVX is up 1.84% at $162.34.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 44 days.

What The Experts Say On Chevron:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Chevron, which currently sits at a price target of $187.
  • Piper Sandler has decided to maintain their Overweight rating on Chevron, which currently sits at a price target of $190.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Chevron, which currently sits at a price target of $193.

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.

Posted In: BZI-UOAOptionsMarkets