What whales do with Chevron
Someone with a lot of money to burn has taken a bullish position on Chevron CVX.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with CVX, it often means someone knows something is going to happen.
Benzinga's options scanner today spotted 10 options trades for Chevron.
This is not normal.
The general sentiment of these big traders is split between 70% bullish and 30% bearish.
Of all the options we discovered, 9 were puts, for a total amount of $682,836, and there was 1 call, for a total amount of $40,305.
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $145.0 to $165.0 for Chevron over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Chevron options for a given strike price. Below, we can observe the evolution of volume and open interest in calls and puts, respectively, for all Chevron whale trades within a strike price range of $145.0 at $165.0 in the last 30 days.
Chevron Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CLC PUT SWEEP BULLISH 01/20/23 $145.00 $245,000 3.3K 200 CLC PUT SWEEP BULLISH 01/20/23 $145.00 $124,100 3.3K 340 CLC PUT SWEEP NEUTRAL 11/18/22 $145.00 $65,200 1.2K 71 CLC PUT SWEEP BULLISH 11/18/22 $145.00 $61,100 1.2K 217 CLC PUT SWEEP BULLISH 01/20/23 $145.00 $49,400 3.3K 240
Someone with a lot of money to burn has taken a bullish position on Chevron CVX.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with CVX, it often means someone knows something is going to happen.
Benzinga's options scanner today spotted 10 options trades for Chevron.
This is not normal.
The general sentiment of these big traders is split between 70% bullish and 30% bearish.
Of all the options we discovered, 9 were puts, for a total amount of $682,836, and there was 1 call, for a total amount of $40,305.
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $145.0 to $165.0 for Chevron over the past Last 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Chevron options for a given strike price. Below, we can observe the evolution of volume and open interest in calls and puts, respectively, for all Chevron whale trades within a strike price range of $145.0 at $165.0 in the last 30 days.
Chevron Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CLC PUT SWEEP BULLISH 01/20/23 $145.00 $245,000 3.3K 200 CLC PUT SWEEP BULLISH 01/20/23 $145.00 $124,100 3.3K 340 CLC PUT SWEEP NEUTRAL 11/18/22 $145.00 $65,200 1.2K 71 CLC PUT SWEEP BULLISH 11/18/22 $145.00 $61,100 1.2K 217 CLC PUT SWEEP BULLISH 01/20/23 $145.00 $49,400 3.3K 240What's Your Reaction?
