Chevron Corporation (NYSE:CVX) – This Is What Whales Are Betting On Chevron


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

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

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $67,360 and 9, calls, for a total amount of $1,373,182.

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 $115.0 to $165.0 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 $115.0 to $165.0 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 SWEEP BULLISH 01/21/22 $115.00 $761.2K 11.7K 1.2K
CVX CALL SWEEP BULLISH 01/21/22 $115.00 $204.4K 11.7K 1.2K
CVX CALL SWEEP BEARISH 01/21/22 $125.00 $163.0K 23.4K 2.2K
CVX CALL SWEEP BEARISH 01/21/22 $125.00 $96.6K 23.4K 2.7K
CVX PUT TRADE BEARISH 03/18/22 $165.00 $41.9K 3 10

Where Is Chevron Standing Right Now?

  • With a volume of 7,980,512, the price of CVX is up 1.41% at $124.99.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 21 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.



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