Options volume is relatively light, with 4309 contracts traded and calls leading puts for a put/call ratio of 0.53, compared to a typical level near 0.96. Implied volatility (IV30) dropped 1.1 to 25.26,in the top quartile, suggesting an expected daily move of $2.20. Put-call skew steepened, indicating increased demand for downside protection.
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Read More on CVX:
- BP Stock Gushes Higher as Oil Rivals Get Set to Swoop in Takeover Tussle
- BP rivals run the numbers, debate on takeover, FT reports
- Mixed options sentiment in Chevron (CVX), with shares up $2.21 (+1.62%) near $138.00 following a downgrade to Sell at DZ Bank.
- Mixed options sentiment in Chevron (CVX), with sharesup $1.36 (+1.0%) near $137.15 following a downgrade to Sell at DZ Bank.
- BP-Shell deal would create European rival to Exxon, Chevron, Bloomberg says
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