Whales with a lot of money to spend have taken a noticeably bearish stance on Chevron.
Looking at options history for Chevron (NYSE:CVX) we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $652,588 and 11, calls, for a total amount of $944,756.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $165.0 for Chevron during the past quarter.
Insights into Volume & Open Interest
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 $165.0 in the last 30 days.
Chevron Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CVX | CALL | TRADE | BEARISH | 12/20/24 | $1.44 | $1.39 | $1.39 | $165.00 | $455.6K | 3.0K | 3.7K |
| CVX | CALL | TRADE | BULLISH | 10/18/24 | $1.56 | $1.5 | $1.56 | $155.00 | $156.0K | 5.8K | 1.1K |
| CVX | PUT | SWEEP | BEARISH | 01/16/26 | $11.35 | $10.55 | $10.6 | $140.00 | $106.0K | 2.1K | 100 |
| CVX | PUT | SWEEP | BEARISH | 06/20/25 | $9.2 | $9.2 | $9.2 | $145.00 | $91.9K | 1.4K | 0 |
| CVX | PUT | SWEEP | BEARISH | 01/16/26 | $9.05 | $8.8 | $8.9 | $135.00 | $89.0K | 234 | 0 |
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.
Having examined the options trading patterns of Chevron, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Chevron Standing Right Now?
- Currently trading with a volume of 2,351,591, the CVX's price is down by -0.98%, now at $147.04.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 59 days.
What Analysts Are Saying About Chevron
In the last month, 3 experts released ratings on this stock with an average target price of $173.0.
- An analyst from RBC Capital persists with their Outperform rating on Chevron, maintaining a target price of $180.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Chevron with a target price of $154.
- An analyst from Barclays persists with their Overweight rating on Chevron, maintaining a target price of $185.
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.