Chevron Options Surge Amid Bullish Investor Sentiment

Chevron sees bullish investor activity as 16 unusual options trades highlight a split sentiment. With calls significantly outpacing puts, market players should note the potential price movements.

Date: 03-03-2025

AI Rating: 7

Options Activity Analysis
Chevron's options market display indicates notable investor interest, with a track record of 16 significant trades recently observed. A predominant bullish sentiment exists despite a near-even split among investors, reflecting uncertain future price movement.

The options report details a high volume of trading, specifically noting 11 call options valued at approximately $2.77 million, opposed to only 5 put options totaling about $307,850. This suggests a generally optimistic view among large investors about Chevron's future performance and price appreciation.

Expected Price Movements
The mentioned options activities indicate a targeted price range for Chevron between $100.00 and $170.00 over three months. The current trading price at $154.12 places Chevron in the middle of this range, suggesting potential upside if market conditions align favorably.

Further, with trading volume at 4,164,384 and the stock currently down by -2.84%, there is a complex interplay of market indicators. Current RSI indicators present a neutral stance, indicating no overwhelming trend toward either overbought or oversold conditions at this time.

Analyst Ratings
Recent analyst ratings reflect mixed but largely positive expectations, averaging target prices extending from $160 to $194. These projections by firms such as Wells Fargo and UBS exhibit confidence in Chevron's ability to grow and provide returns, further entrenching the bullish signals detected through options trading. However, a rating downgrade from RBC Capital should not be overlooked, as it introduces skepticism about achieving these targets.

Stocks: CVX