Options volume is roughly in line with average, with 26k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.92. Implied volatility (IV30) dropped 1.5 to 25.99,in the top quartile, suggesting an expected daily move of $2.26. Put-call skew flattened, suggesting a modestly bullish tone.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVX:
- 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
- Chevron price target lowered to $169 from $211 at Argus
- Chevron’s Strong Financial Position and Strategic Growth Initiatives Reinforce Buy Rating
- Unusually active option classes on open May 6th