Dow component Chevron shares are up $1.50 to $81.05, a new 52-week high, and notable trade was 2,300 contract block of the June $80 puts traded that appears tied to stock. Trading is active in the first hour, with 9,980 puts and 7,740 calls traded so far, about 6X the expected. (Note: Citi upgraded CVX, BP, PBR) after raising their price assumption on oil to $80 from $65).