Jun. 30 at 11:48 PM
What’s the deal with
$CVX today?
Institutions are jumping on the pullback
They are loading up on mid-dated calls around
$170 to
$175
Looks like they're expecting a rebound into late summer even with Morgan Stanley trimming the price target to
$210
Over the last 5 days, it's been all calls
There was a
$1.66M golden sweep in Aug 21
$175 calls
Repeated ask-side sweeps in the
$170 to
$175 range show a strong preference for upside
Today's ~1.7% drop feels more like a dip-buying opportunity than panic selling
Might be smart to wait for some price stability before diving in
This call flow is definitely something to keep an eye on
