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What the Options Market Tells Us About Chevron

Benzinga ·  Oct 8 00:45

Whales with a lot of money to spend have taken a noticeably bearish stance onChevron.

Looking at options history for Chevron (NYSE:CVX) we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 45% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $75,600 and 9, calls, for a total amount of $312,559.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $160.0 for Chevron over the recent three...

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